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21 March, 21:52

If total assets increase 136882 in the year and told of this liabilities decreased 61590 what is the amountofowners equity at the end of the year

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  1. 21 March, 22:10
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    Write your equation. Assets - liabilities = owners equity. 0-0=0. Now add variables to equation. (0+136882) - (0-61590) = owners equity. 136882 + 61590 = 198,472 Or solve more quickly: how does each variable affect owners equity? increase in asset increases owners equity so the number is positive 136,882 decrease in liability increases owners equity so number is positive. 61,590 Total change to owners equity. 198,472
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