0
If the liablilities owned by a business total 300000 and owners equity is equal to 300000 then will the assets also total 300000?
Wiki User
∙ 6y ago
No.
Assets = Liabilities + Owner's Equity
= 300,000 + 300,000
= 600,000
Wiki User
∙ 6y ago
Add your answer:
Earn +20 pts
What are Two types of equity in a business?
Liabilties and Assets
If you are being sued by a bank can they take your home?
Had a business loan and 2 home equity loans and assets as collateral... delinquent on business since it is now closed but current on equity loans... Can the Bank take all assets and home for collecting the business loan (now closed) plus all assets?
What are some examples of owner's equity?
Owner's equity shows the owners investments minus their withdrawals from the business. Basically it is the assets minus the liabilities.
Why Liability equals Assets?
Assets- Liabilities = Owners Equity :)
What causes stockholder equity to change?
Remember that in accounting, the Mother of All Equations is: Assets - Liabilities = Stockholders' Equity Anything that increases or decreases your assets or liabilities is going to cause your Stockholders' Equity to change as well.
If equity is 300000 and liabilities are 192000 then assets equal?
108000
If your total assets is 420000 total liabilities 215000 paid in capital 75000 what is your retained earnings?
Assets = Liablilities + Equity (Equity = Paid in Capital + Retained Earnings) So, 420,000 - 215,000 - 75,000 = 130,000
Is owners equity equal to the business liabilities less the business assets?
No. Owners Equity is equal to Business Assets less Business Liabilities.
What are assets liabilities and equity?
It is the basic accounting equation which shows the relationship of business assets toward liability and equity and it tells that all assets must generate enough money to pay all liabilities and owner's capital to be successful business.
What are Two types of equity in a business?
Liabilties and Assets
Which account would normally have a credit balance?
The Liablilities, the revenue, the accumulated depreciation, the Owner's equity.
Are owners equity and debtor fall under asset?
Owner equity is liability for business falls under liability or equity side while debters are current assets of business and fall under current assets.
If you are being sued by a bank can they take your home?
Had a business loan and 2 home equity loans and assets as collateral... delinquent on business since it is now closed but current on equity loans... Can the Bank take all assets and home for collecting the business loan (now closed) plus all assets?
How do you figure total equity if give assets debt sales and profit margin?
Answer:The accounting equation (or business equation) states that total assets equal total liabilities plus equity. To figure out equity, you need to know total assets as well as total liabilities. Assuming there are no liabilities other than debt, equity equals assets minus debt.
What are some examples of owner's equity?
Owner's equity shows the owners investments minus their withdrawals from the business. Basically it is the assets minus the liabilities.
Which of the following business transactions would cause a decrease both in assets and owner's equity?
a withdrawl
Can assets be greater then liabilities and owners equity?
No. Assets = Liabilities + Equity Always.
