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Author Question: A business has $750,000 in liabilities. The balance sheet for the business shows assets of $2 ... (Read 363 times)

jc611

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on: Aug 15, 2020

Question 1

A business has $1.5 million in assets. The balance sheet for the business shows owner's equity of $500,000. What is the amount of this business's liabilities?
◦ $1 million
◦ $1.5 million
◦ $2 million
◦ $2.5 million

Question 2

A business has $750,000 in liabilities. The balance sheet for the business shows assets of $2 million. What is the amount of owner's equity in this business?
◦ $1 million
◦ $1.25 million
◦ $1.5 million
◦ $1.75 million
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Marked as best answer by jc611 on Aug 15, 2020

kalskdjl1212

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Reply #1 on: Aug 15, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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jc611

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Reply 2 on: Aug 15, 2020
Thanks for the timely response, appreciate it

mjenn52

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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