Mats owns and operates a small advertising business from an office.His home is worth $400,000, his business assets are worth $275,000, and his business obligations total $65,000.How much equity does he have in his advertising business?
A)$210,000
B)$335,000
C)$340,000
D)$610,000

Question

Quizplus · Accepted Answer

Equity in the business is calculated by subtracting business obligations from the value of business assets: $275,000 - $65,000 = $210,000.

Mats Owns and Operates a Small Advertising Business from an Office.His