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    Accounting Equation

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    If the liabilities of a company is 1/3 of the total assets- what is the amount of the liabilities (the owner's equity is $300,000)

    © BrainMass Inc. brainmass.com June 3, 2020, 7:04 pm ad1c9bdddf
    https://brainmass.com/business/accounting-for-liabilities/accounting-equation-85094

    Solution Preview

    Hi there,

    Remember the fundamental accounting equation: assets = liabilities + ...

    $2.19

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