Question & Answer: Calculate the following value according to the accounting equation……

Calculate the following value according to the accounting equation.

Assets Liabilities Owner’s Equity
$836,900 $ $213,100

Expert Answer

 

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According to Accounting Equation,

Total Assets = Liabilities + Owner’s Equity

Liability = Assets – Owner’s Equity

Liability = $836,900 – 213,100 = $623,800

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