   Chapter 15.I, Problem 1RE ### Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447

#### Solutions

Chapter
Section ### Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447
Textbook Problem

# Calculate the following values according to the accounting equation. Assets Liabilities Owner’s Equity $283,000$121,400 $161,600 To determine To calculate: The owner’s equity if assets is$283,000 and liabilities is $121,400. Explanation Given Information: The assets is$283,000 and liabilities is $121,400. Formula used: The equation for asset is computed by adding owner’s equity to the liabilities. Assets=Liabilities+Owner's Equity The equation can be reformed to compute owner’s equity by subtracting liabilities from assets. Owner's Equity=AssetsLiabilities Calculation: Consider that the assets is$283,000 and liabilities is \$121,400

### Still sussing out bartleby?

Check out a sample textbook solution.

See a sample solution

#### The Solution to Your Study Problems

Bartleby provides explanations to thousands of textbook problems written by our experts, many with advanced degrees!

Get Started

#### The difference between population variance and sample variance.

Statistics for The Behavioral Sciences (MindTap Course List)

#### Convert the expressions in Exercises 6584 to power form. x23

Finite Mathematics and Applied Calculus (MindTap Course List)

#### Sketch the graph of the set. 39. {(x, y) | y x2 1}

Single Variable Calculus: Early Transcendentals, Volume I

#### The polar form for the graph at the right is:

Study Guide for Stewart's Multivariable Calculus, 8th 