audielynn5683
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 musicotic
  • 02-09-2016
$850 is correct                                            
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abidemiokin
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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