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Other Fields Homework Help Accounting Topic started by: yupyup0214 on Jul 25, 2018



Title: The assets of Moon Company are $150,000 and the total liabilities are $20,000. The equity is ________.
Post by: yupyup0214 on Jul 25, 2018
The assets of Moon Company are $150,000 and the total liabilities are $20,000.  The equity is ________.
A) $150,000
B) $170,000
C) $20,000
D) $130,000


Title: The assets of Moon Company are $150,000 and the total liabilities are $20,000. The equity is ________.
Post by: Tabitha.davis on Jul 25, 2018
 D
Explanation:  D) Equity = Assets - Liabilities
Equity = 150,000 - 20,000 = 130,000


Title: The assets of Moon Company are $150,000 and the total liabilities are $20,000. The equity is ________.
Post by: yupyup0214 on Jul 25, 2018
You are really a genius. Thanks


Title: The assets of Moon Company are $150,000 and the total liabilities are $20,000. The equity is ________.
Post by: Tabitha.davis on Jul 25, 2018
NP