5) David's business has $10,000 in assets and $4,000 in liabilities. how much equity does David...

Question

Question

5) David's business has $10,000 in assets and $4,000 in liabilities. how much equity does David own in the business?

business accounting

Answer 1

Answer #1

Total assets=total liabilities+total equity

Hence total equity=(10,000-4000)

Which is equal to

=$6000

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Answer 2

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