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Everett Enterprises has assets of $90,000 and liabilities of $35,000. What is the amount of Everett's claims (equity)?

Everett Enterprises has assets of $90,000 and liabilities of $35,000. What is the amount of Everett's claims (equity)?

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 3MC: The following is selected financial data from Block Industries: How much does Block Industries have...
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What is the amount of Everett's claims of this financial accounting question?

Everett Enterprises has assets of $90,000 and liabilities of $35,000. What is the amount of Everett's claims (equity)?
Transcribed Image Text:Everett Enterprises has assets of $90,000 and liabilities of $35,000. What is the amount of Everett's claims (equity)?
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