Is each of the following equations correct? What key point does each equation raise?
|
a. |
$250,000 Assets |
= |
$100,000 Liabilities |
+ |
$100,000 Owners’ equity |
|
b. |
$2,345,000 Assets |
= |
$46,900 Liabilities |
+ |
$2,298,100 Owners’ equity |
|
c. |
$26,450 Assets |
= |
$675,000 Liabilities |
+ |
$648,550 Owners’ equity |
|
d. |
$648,550 Owners’ equity |
= |
$4,250,000 Liabilities |
+ |
$400,000 Owners’ equity |