If assets are $99,000 and liabilities are $32,000,then equity equals:

A) $32,000.
B) $67,000.
C) $99,000.
D) $131,000.
E) $198,000.

Question

If assets are $99,000 and liabilities are $32,000,then equity equals:A) $32,000.B) $67,000.C) $99,000.D) $131,000.E) $198,000.

Linda Nguyen · Accepted Answer

Final Answer : B, Explanation :  Equity can be calculated by subtracting liabilities from assets, so Equity = $99,000 - $32,000 = $67,000.

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