The Accounting Equation

Front

A company has $6.000 in assets and $2.500 in liabilities. The owner invests an additional $1.500 into the business. What is the new total of the assets?

Back

$7500

Front

If a company’s owner’s equity is $40,000 and its assets total $90,000, what are the total liabilities?

Back

$50,000

Front

A company has total assets of $150,000 and total liabilities of $90,000. What is the owner's equity?

Back

$60,000

Front

A company has liabilities of $60,000 and owner’s equity of $90,000. It purchases new equipment worth $30,000 on credit. What are the total assets now?

Back

$180,000

Front

A company starts with $5.000 in assets and $2.000 in liabilities. Then, they purchase $1.000 worth of stock on credit. What is their new owner's equity?

Back

$3000