If assets are $300,000 and liabilities are $192,000,then equity equals:

A) $108,000.
B) $192,000.
C) $300,000.
D) $492,000.
E) $792,000.

Question

If assets are $300,000 and liabilities are $192,000,then equity equals:A) $108,000.B) $192,000.C) $300,000.D) $492,000.E) $792,000.

Ashley Graddy · Accepted Answer

Final Answer : A, Explanation :  Equity can be calculated by subtracting liabilities from assets. Therefore, equity = $300,000 - $192,000 = $108,000. Option A is the correct answer.

If assets are $300,000 and liabilities are $192,000,then equity equals:

A) $108,000.
B) $192,000.
C) $300,000.
D) $492,000.
E) $792,000.

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