John James has assets of $ 150 000 and liabilities of $ 65 000. What is her equity If the total assets of a business are $37 486. 49 and the total liabilities are $ 11 547.80.calculate the owner's net worth. On June 31, 2020, Anthony Brown's accounting equation was as follows. Assets ($ 150 000) - Liabilities ($70 000) = Equity ($ 80 000), If during 20 -21 the assets increase by $70 owner's equity.at June 31, 20- 22. and the liabilities decrease by $ 20 000, calculate the

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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John James has assets of $ 150 000 and liabilities of $ 65 000. What is her equity?
If the total assets of a business are $37 486. 49 and the total liabilities
are $ 11 547.80 calculate the owner's net worth.
On June 31, 2020, Anthony Brown's accounting equation was as follows.
Assets ($ 150 000) - Liabilities ($70 000) = Equity ($ 80 000), If during 20 -21 the
assets increase by $70 000 and the liabilities decrease by $ 20 000, calculate the
owner's equity.at June 31, 20- 22.
Transcribed Image Text:John James has assets of $ 150 000 and liabilities of $ 65 000. What is her equity? If the total assets of a business are $37 486. 49 and the total liabilities are $ 11 547.80 calculate the owner's net worth. On June 31, 2020, Anthony Brown's accounting equation was as follows. Assets ($ 150 000) - Liabilities ($70 000) = Equity ($ 80 000), If during 20 -21 the assets increase by $70 000 and the liabilities decrease by $ 20 000, calculate the owner's equity.at June 31, 20- 22.
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