A company has the following assets: (1)Fixed assets worth $30,000 and (2)investments worth $6,000.The company's total liabilities amount to $25,000.What is the owner's equity of the company?
A) $24,000
B) $36,000
C) $5000
D) $30,000
E) $11,000

Question

Quizplus · Accepted Answer

A)Owners' equity = Assets - Liabilities = $36,000-$25,000 = $11,000
B)Owners' equity = Assets - Liabilities = $36,000-$25,000 = $11,000
C)Owners' equity = Assets - Liabilities = $36,000-$25,000 = $11,000
D)Owners' equity = Assets - Liabilities = $36,000-$25,000 = $11,000
E)Owners' equity = Assets - Liabilities = $36,000-$25,000 = $11,000

A Company Has the Following Assets: (1)Fixed Assets Worth $30,000