How much is hunts owner equity? Suppose Hunt Company has receivables of $72,000, furniture totaling$230,000, and cash of $68,000. The business has a $125,000 notepayable and owes $95,000 on the account. How much is Hunt'sowner equity?a. $35,000b. $150,000c. $200,000d. $370,000

Explanation of Owner's Equity:The Owner's Equity represents the owner's financial stake in the…

Answered: Suppose Hunt 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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Suppose your business has cash of P50,000, receivables of P60,000 and furniture totaling P200,000. The store owes P80,000 on account and has a P100,000 note payable. How much is your equity? Group of answer choices P130,000 P180,000 P310,000 P20,000
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Suppose Hunt Company has receivables of $72,000, furniture totaling $230,000, and cash of $68,000. The business has a $125,000 note payable and owes $95,000 on the account. How much is Hunt's owner equity? a. $35,000 b. $150,000 c. $200,000 d. $370,000