What is the owners equity if the total asset is 824580 and the liabilities is one half of its total assets?

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Answer

1015483

2026-04-28 17:30

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Total Assets = Total liabilities + owner equity

Total Assets = 50% liability + 50% equity

824580 = 824580*50% + 50% owner equity

Owner Equity = 100% total Assets - 50% liability

Owner Equity =824580 - 412290

Owner Equity = 412290

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