Question and answer
the total assets of Capp Care $600,000 and its liabilities are equal to two-thirds of its total assets. What is the amount of Capp Co.'s owners equity?
The total assets of Capp Care $600,000 and its liabilities are equal to two-thirds of its total assets. 2/3(600,000)=400,000 in liabilities. Therefore, Owners equity is equal to $200,000.
Question
Asked 1/8/2014 12:25:29 PM
Updated 1/24/2014 10:28:40 AM
1 Answer/Comment
Get an answer
New answers
Rating
3
The total assets of Capp Care $600,000 and its liabilities are equal to two-thirds of its total assets. 2/3(600,000)=400,000 in liabilities. Therefore, Owners equity is equal to $200,000.
Added 1/24/2014 10:28:40 AM
This answer has been confirmed as correct and helpful.
Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
27,094,575
questions answered
GET
Answers.
GET THE APP.
weegy*
*
Get answers from Weegy and a team of really smart live experts.
Popular Conversations
S
L
P
Points 189 [Total 389] Ratings 0 Comments 189 Invitations 0 Offline
S
L
Points 140 [Total 140] Ratings 0 Comments 100 Invitations 4 Online
S
L
R
P
R
Points 114 [Total 437] Ratings 0 Comments 4 Invitations 11 Offline
S
R
L
R
P
R
P
R
R
Points 88 [Total 822] Ratings 0 Comments 8 Invitations 8 Offline
S
Points 49 [Total 49] Ratings 1 Comments 39 Invitations 0 Offline
S
Points 11 [Total 11] Ratings 1 Comments 1 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 0 Comments 0 Invitations 1 Offline
S
Points 3 [Total 3] Ratings 0 Comments 3 Invitations 0 Offline
S
Points 1 [Total 1] Ratings 0 Comments 1 Invitations 0 Offline
S
Points 1 [Total 1] Ratings 0 Comments 1 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.