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.
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Asked 1/8/2014 12:25:29 PM
Updated 1/24/2014 10:28:40 AM
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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
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