The total assets amount to $26,000 and the total liabilities amount to $18,000.The amount of the owner's equity is
A) $18,000.
B) $44,000.
C) $26,000.
D) $8,000.

Name: The total assets amount to $26,000 and the total liabilities amount to $18,000.The amount of the owner's equity is A) $18,000. B) $44,000. C) $26,000. D) $8,000.
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Quizplus · Accepted Answer

Owner's equity is calculated as total assets minus total liabilities, which is $26,000 - $18,000 = $8,000.

The Total Assets Amount to $26,000 and the Total Liabilities