Sagot :
Explanation:
Solution
The basic accounting equation is: Assets = Liabilities + Owner's equity. If liabilities plus owner's equity is equal to $150,000, the assets must also be equal to $150,000.
Explanation:
The basic accounting equation is: Assets = Liabilities + Owner's equity. If liabilities plus owner's equity is equal to $150,000, the assets must also be equal to $150,000.