Do fast answer of this accounting questions Carson Company has receivables of $85,000, equipment valued at$275,000, and cash of $45,000. The company has a $145,000 notepayable and owes $95,000 to suppliers. What is Carson's ownerequity?a. $45,000b. $165,000c. $240,000d. $405,000

Step 1: Definition of Owner's EquityOwner's Equity: This is the residual interest in the assets of a…

Answered: Carson Company has receivables of…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Carson Company has receivables of $85,000, equipment valued at $275,000, and cash of $45,000. The company has a $145,000 note payable and owes $95,000 to suppliers. What is Carson's owner equity? a. $45,000 b. $165,000 c. $240,000 d. $405,000