if-a-company-has-assets-worth-120000-liabilities-of-70000-what-is-the-equity-acc

Question

If a company has assets worth $120,000, liabilities of $70,000, what is the equity according to the fundamental accounting equation?

Accepted Answer

$50,000

Answer

$70,000

Answer

$190,000

Answer

$120,000

If a company has assets worth \$120,000, liabilities of \$70,000, what is the equity according to the fundamental accounting equation?