   Chapter 15.I, Problem 7RE ### 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 __________ $406,000$2000,200

To determine

To calculate: The assets if owner’s equity is $2,000,200 and liabilities are$406,000.

Explanation

Given Information:

The owner’s equity is $2,000,200 and liabilities are$406,000.

Formula used:

The equation for asset is computed by adding owner’s equity by liabilities.

Assets=Liabilities+Owner's Equity

Calculation:

Consider that the owner’s equity is $2,000,200 and liabilities are$406,000

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