audielynn5683 audielynn5683

02-09-2016
Business

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Larry’s Landscaping has total liabilities of $1,650 and assets of $2,500. The amount of the owner’s equity is

I found it
D. $850

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musicotic musicotic

02-09-2016

$850 is correct
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Answer Link

abidemiokin abidemiokin

24-02-2020

Answer:

$850

Explanation:

Equity is equal to the difference between the total liabilities and total assets.

If total liabilities = $1,650

Total assets = $2,500

Equity = Total assets - Total liabilities

Equity = $2500-$1650

Equity= $850

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