Question

Your restaurant has assets of $45,321 and liabilities of $32,567. What is the equity of your business?

Answer 1

Equity of the business = $12754

Explanation:

The equity of any business is calculated by the formula

Equity = Assets of the company - liabilities of the company

= 45321 - 32567

= $12754

Therefore, The equity of my business will be $12754.

Answer 2

45321-32567=12754

The equity of your business is $12,754