Friday 25 May 2012

Answer the following questions. (Hint: Use the accounting equation.) (Omit the "$" sign in your response.) a. Office Mart has assets equal to $123,000 and liabilities equal to $53,000 at year-end. What is the total equity for Office Mart at year-end?

Answer the following questions. (Hint: Use the accounting equation.) (Omit the "$" sign in your response.)
a.
Office Mart has assets equal to $123,000 and liabilities equal to $53,000 at year-end. What is the total equity for Office Mart at year-end?
  
  Total equity $   


Explanation: