Answered: The total assets of the business amount…

The total assets of the business amount to OMR 24,000 and the total liabilities amount to OMR 18,000. The amount of the equity would be ________. a. 18,000 b. 42,000 c. 6,000 d. 16,000

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter1: The Role Of Accounting In Business

Section: Chapter Questions

Problem 4SEQ: If total assets are $20,000 and total liabilities are $12,000, the amount of stockholders’ equity...

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Question

The total assets of the business amount to OMR 24,000 and the total liabilities amount to OMR 18,000. The amount of the equity would be ________.

18,000

42,000

6,000

16,000

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