Accounting question 2

label Accounting
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

Michael has assets of 4550 & net assets of 3200. what is the amount of liabilities & claims

bakery has liabilities of 4800 & equity of 5400. what is the amount of assets & net assets

Feb 13th, 2015

The liabilities and claims = 4550 -3200 = 1330

Assets = 5400 and net assets= 600

Feb 13th, 2015

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Feb 13th, 2015
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Feb 13th, 2015
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