Topics, 100 Accounting Resources, 100 Lecture List
6. Use the accounting equation to find the asset amount if equity is 250,000 and liabilities are 100,000.
a. 350,000
b. 150,000
c. 250,000
d. 100,000
e. 450,000
Recommendations – Write down the accounting equation and fill in the known item. Then use algebra to figure the missing component. Answer Below.
ANSWER
A
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