Accounting for IGCSE & O level - Final Statements (Section 6 - No. 36)
If a company's assets are $500,000 and its liabilities are $150,000, what is the owner's equity?
$150,000
$350,000
$500,000
$650,000
Paliwanag
Owner's equity = Assets - Liabilities; $500,000 - $150,000 = $350,000.