Calculate the amount of cash if: Total assets=$10,000 Total liabilities=$10,000 Total Capital=$5000
- $6000
- $10,000
- $5000
- $1000
Explanation
Calculate the amount of cash if: Total assets=$10,000 Total liabilities=$10,000 Total Capital=$5000 This is a accounting equation ie: assets = liability + capital. put the values in equation we get 10000=10000+5000 10000=15000 15000-10000 =5000 |
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