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What is the amount of ABC's owner's equity?

ABC Co. has current assets of $50,0 and total assets of $150,0. ABC has current liabilities of $30,0 and total liabilities of $80,0.

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Question ajoutée par Rajesh Raj , Assistant Manager (Finance & Accounts) , SNJ Sugars and Product Limited
Date de publication: 2014/04/14
Muhammad Suleman
par Muhammad Suleman , Senior Accountant , Danube Super Markets (BinDawood Group)

according to the accountaing equation 

total assets = capital + liabilites

150 = ?   +80

150 =70 +80

dont get confused with current assets and current liabilities because in total assets and total liabilites these two values are already included. The total amount of the equity is $70.

am i right?

Leonard Santiago
par Leonard Santiago , Analyst - Financial & Budget , Unified Real Estate Development Company

Answer: $70.0

Assets = Liabilities + Equity

Equity = Total Assets - Total Liabilities

            =150.0 -80.0

            =70.0

Utilisateur supprimé
par Utilisateur supprimé

its $70. i.e. Total assets less total liabilities. Assuming there are no accumulated losses included in Total Assets

Utilisateur supprimé
par Utilisateur supprimé

30 is the equity....bcoz its the current liabilities. (Equity shares)

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