How to Calculate Owner's Equity: Definition, Formula & Examples

Instructions:

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question 1 of 3

Which document shows a company's assets and liabilities?

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1. John's company has assets of $500,000 and owner's equity of $200,000. Calculate John's company's liabilities.

2. Bob's Blue Jeans has assets of $243,000 and liabilities of $143,000. What is the owner's equity?

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About This Quiz & Worksheet

Use this worksheet and quiz to engage your knowledge of calculating owner's equity. You will be assessed primarily on assets, liabilities, and equity by way of vocabulary and practice questions.

Quiz & Worksheet Goals

To be specific, you will be tested on:

  • Differences between assets and liabilities
  • Figures included on balance sheets
  • Calculate owner's equity
  • The document that details assets and liabilities

Skills Practiced

  • Distinguishing differences - compare and contrast topics from the lesson like liabilities and assets
  • Reading comprehension - ensure that you draw the most important information from the related lesson on owner's equity
  • Information recall - access your knowledge of assets and liabilities to figure owner's equity

Additional Learning

For further explanation take a look at the related lesson titled How to Calculate Owner's Equity: Definition, Formula & Examples. The lesson covers things like:

  • The definition and formula of owner's equity
  • Examples of balance sheets
  • Practical applications of owner's equity
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