Determine the amount of a companys owners equity

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Reference no: EM131312248

Objective : Apply the accounting equation.

1. If you know the assets and the owners' equity of a business, how can you measure its liabilities? Give the equation.

2. Use the accounting equation to show how to determine the amount of a company's owners' equity. How would your answer change if you were analyzing your own household or a single IHOP restaurant?

Reference no: EM131312248

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