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Name: S2 2. A company's balance sheet shows the total assets as $45000 and a
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Description: S2 2. A company's balance sheet shows the total assets as $45000 and accounts pay$12,000. What is the amount of owner's equity?A. $12,000.B. $29,000.C. $57,000.D. $45,000.

Business

Accounting

2. A company's balance sheet shows the total assets as $45000 and accounts pay $12,000. What is the amount of owner's equity? A. $12,000. B. $29,000. C. $57,000. D. $45,000.

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter2: Basic Accounting Systems: Cash Basis

Section: Chapter Questions

Problem 7CDQ

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