Owner's Equity and Liabilities Quiz

Assets = $5,000, Liabilities = $2,000. What is Owner's Equity?

• $4,000

• $3,000

• $2,500

• $7,000

Assets = $8,500, Owner's Equity = $4,000. What is Liabilities?

• $5,500

• $3,000

• $4,500

• $6,000

Liabilities = $1,200, Owner's Equity = $3,800. What is Assets?

• $5,000

• $4,200

• $6,000

• $7,000

Assets = $6,000, Liabilities = ?, Owner's Equity = $2,500.

• $3,500

• $2,500

• $4,000

• $3,000

Liabilities = $2,750, Owner's Equity = ?, Assets = $7,000.

• $4,250

• $5,000

• $3,500

• $4,500

Assets = ?, Liabilities = $5,600, Owner's Equity = $3,400.

• $9,000

• $8,000

• $10,000

• $7,000

A business has $12,000 in assets and $7,000 in liabilities. How much is the owner's equity?

• $5,000

• $4,000

• $7,500

• $6,000

A company has $10,500 in assets and owner's equity of $6,500. What are the liabilities?

• $4,000

• $5,500

• $3,500

• $4,500

If a business has assets of $9,200 and liabilities of $4,200, what is the owner's equity?

• $4,500

• $4,200

• $5,000

• $3,000

A firm has liabilities of $3,300 and owner's equity of $7,200. What are the assets?

• $10,500

• $11,500

• $9,000

• $10,000