A business has the following: Land $10-Machinery $2-Cash $1-Loan $5 What is the value of the owner’s equity? A.$5 B.$10 C.$8 D.$13

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A business has the following items in it: - Land $1,000,000 - Machinery $20,00...
Posted by:
Muhammad Mujtaba Shafique
13-February-2016

Accounting

Question added by IBN Eljarah Mohamed Ali ABD ELGADIR , Group Finance Director , Sigma Electric
Date Posted: 2014/07/10

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by IBN Eljarah Mohamed Ali ABD ELGADIR , Group Finance Director , Sigma Electric

D is the correct answer , loans will not effect the woners equity. But the other assets will be part of capital and will be reflected on woners equity.

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A business has the following: Land $10-Machinery $2-Cash $1-Loan $5 What is the value of the owner’s equity? A.$5 B.$10 C.$8 D.$13

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