you are examining the year - end balance sheet for your business. according to the information in the…

you are examining the year - end balance sheet for your business. according to the information in the balance sheet, what is your equity in the business? balance sheet for year ending december 31 assets cash: $10,000 inventory: $2,000 equipment: $5,000 total assets: $17,000 liabilities credit card balance: $2,500 long - term debt: $0 unearned revenues: $3,500 total liabilities: $6,000

you are examining the year - end balance sheet for your business. according to the information in the balance sheet, what is your equity in the business? balance sheet for year ending december 31 assets cash: $10,000 inventory: $2,000 equipment: $5,000 total assets: $17,000 liabilities credit card balance: $2,500 long - term debt: $0 unearned revenues: $3,500 total liabilities: $6,000

Answer

Explanation:

Step1: Record la fórmula de equilibrio

Según la ecuación fundamental de la contabilidad: Activos = Pasivos + Patrimonio. Entonces, Patrimonio = Activos - Pasivos.

Step2: Sustituir valores dados

Activos totales son $17,000 y pasivos totales son $6,000. Entonces, Patrimonio = $17,000 - $6,000.

Step3: Realizar el cálculo

$17,000 - $6,000 = $11,000.

Answer:

$11,000