If total assets are $30,000 and total liabilities are $18,000,Capital must equal:
A) $12,000.
B) $28,000.
C) $8,000.
D) $20,000.
Correct Answer:
Verified
Q45: Which of the following transactions would cause
Q51: If the liabilities owed by a business
Q53: If the assets owned by a business
Q55: The cash purchase of a truck was
Q56: If the assets owned by a business
Q63: The left side of the accounting equation
Q64: Creditors' claims against assets are called owner's
Q67: The left side of the accounting equation
Q75: Which of the following transactions would cause
Q78: Which of the following would result if
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents