Ask Question
5 August, 16:19

You own a business that has assets of $148,000. If your equity is $55,000, what is the amount of your liabilities?

A. $203,000

B. $93,000

C. $122,000

D. $98,000

+5
Answers (2)
  1. 5 August, 16:27
    0
    B. 93,000

    $240,000 - $90,000 = $150,000

    (Assets) - (Liabilities) = (Owners' Equity)

    example apply the formula to your question
  2. 5 August, 16:42
    0
    B. 93,000
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “You own a business that has assets of $148,000. If your equity is $55,000, what is the amount of your liabilities? A. $203,000 B. $93,000 ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers