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    nhorn's Avatar
    nhorn Posts: 1, Reputation: 1
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    #1

    Nov 1, 2016, 08:54 PM
    How to find equity if only assets is given
    assets (101,010) = Liabilities(?) + Equity(?)
    ebaines's Avatar
    ebaines Posts: 12,132, Reputation: 1307
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    #2

    Nov 2, 2016, 07:37 AM
    You can't determine owner's equity simply from assets, because:

    Owner's Equity = Assets - Liabilities

    Are you sure there isn't additional data that was provided?

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