The assets of Moon Company are $160,000 and the total liabil
The assets of Moon Company are $160,000 and the total liabilities are $60,000. The equity is ________.
A) $160,000
B) $220,000
C) $60,000
D) $100,000
ANSWER
D .Equity = Assets – Liabilities
Equity = 160,000 – 60,000 = 100,000
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