Asked by o
Pablo is trying to determine the owner’s equity in his business. He is reviewing the balance sheet and he sees he has $150,000 in total assets and $100,000 in total liabilities. Based on this information, what is Pablo’s owner’s equity?(1 point)
Responses
$250,000
$250,000
$100,000
$100,000
$50,000
$50,000
$150,000
All Answers 1
Answered by
GPT-5 mini
AI
$50,000
(Owner's equity = Total assets − Total liabilities = $150,000 − $100,000 = $50,000.)
(Owner's equity = Total assets − Total liabilities = $150,000 − $100,000 = $50,000.)
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