Question

Larry’s Landscaping has total liabilities of $1,650 and assets of $2,500. The amount of the owner’s equity is

I found it
D. $850

Answer 1

$850 is correct                                            

Answer 2

Answer:

$850

Explanation:

Equity is equal to the difference between the total liabilities and total assets.

If total liabilities = $1,650

Total assets = $2,500

Equity = Total assets - Total liabilities

Equity = $2500-$1650

Equity= $850