Explanation Given Information: The assets are $ 45 , 300 and owner’s equity is $ 16 , 300 . Formula used: The equation for asset is computed by adding owner’s equity by liabilities. Assets = Liabilities + Owner's Equity The equation can be reformed to compute liabilities by subtracting owner’s equity from assets. Liabilities = Assets − Owner's Equity Calculation: Consider that the assets are $ 45 , 300 and owner’s equity is $ 16 , 300

Contemporary Mathematics For Business & Consumers, Brief Edition, Loose-leaf Version

8th Edition

ISBN: 9781305867192

Author: Robert Brechner, Geroge Bergeman

Publisher: South-Western College Pub

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Chapter 15.I, Problem 3RE

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To calculate: The liabilities if assets are $45,300 and owner’s equity is $16,300.

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Chapter 15.I, Problem 2RE

Chapter 15.I, Problem 4RE

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Chapter 15 Solutions

Contemporary Mathematics For Business & Consumers, Brief Edition, Loose-leaf Version

Ch. 15.I - Use the following financial information to prepare...Ch. 15.I - Prob. 2TIE Ch. 15.I - Prob. 3TIE Ch. 15.I - Prob. 1RE Ch. 15.I - Prob. 2RE Ch. 15.I - Prob. 3RE Ch. 15.I - Prob. 4RE Ch. 15.I - Prob. 5RE Ch. 15.I - Prob. 6RE Ch. 15.I - Calculate the following values according to the...

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The liabilities if assets are $ 45 , 300 and owner’s equity is $ 16 , 300 .

Solution Summary: The author explains how the equation can be reformed to compute liabilities by subtracting owner's equity from assets.

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To calculate: The liabilities if assets are $45,300 and owner’s equity is $16,300.

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