Dash co. has current assets of $50,000 and total assets of $150,000. Dash co. has current liabilities of $30,000 and total liabilities of $80,000.?

Dash's owner Equity is $70,000

Correct answer is70000$ Thank you

The answer : B

The amount of the Dash's Owner's equity is $70,000

Assets= Liabilities + Owner's equity

150,000=80,000+ Owner's equity

owner's equity=150,000-80,000=70,000

Asset-liabilities= owners equity=70000

$70000 owner equity. Assets=liabilities+owners equity.

Equity + Liabilities = Total Assets

Therefore, Equity = Total Assets - Liabilities

So, Dash Owners Equity =150000 -80000

=70000 i.e answer B.

 

Total Assets less Total liabilities equals owners equity therefore, owners equity equals S70,000

The difference between Total Assets and Total Liabilities gives the owners equity. hence, Dash's Equity is150,000 -30,000 dollars, which equals50,00 dollars.

b) $70,000 is the correct answer.

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Owner's equity is the net worth after deducting total liabilities from total assets.

Therefore, Dash's owner's equity is $70,000. Computed as $150,000 - $80,000 = $70,000.