According to the accounting equation, if assets equal $4000 and liabilities equal $1500, then owner's equity would equal
$5500.
$2500.
$3500.
$8000.
it is not possible to tell with the information given.

Question

Quizplus · Accepted Answer

The Answer of According to the accounting equation, if assets equal $4000 and liabilities equal $1500, then owner's equity would equal
$5500.
$2500.
$3500.
$8000.
it is not possible to tell with the information given.

According to the Accounting Equation, If Assets Equal $4000 and Liabilities