BANA Co. has current assets of $150,000 and total assets of $300,000. BANA Co. has current liabilities of $160,000 and total liabilities of $200,000. BANA Co's owner's equity is
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Given:
Current Assets = $150,000
Total Assests = $300,000.
Current Liabilities = $160,000
Total Liabilities = $200,000
To Find:
The equity of the owner
Solution:
Equity is the left out value in any business taking into account all the total liabilities.
Equity = Total Assets - Total Liabilities
= 300,000 - 200,000.
= 100,000
Answer: The total equity of BANA Co is 100,000
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