Jack stanley graduated from college and obtained a full-time job in accounting. at the end of his first year of employment, his assets totaled $9,000. his liabilities totaled $3,000. his ____ was $6,000.
Jack Stanly graduated from college and obtained a full-time job in accounting. At the end of his year of employment, his assets totaled $ 9000 and his liabilities totaled $ 3,000. His "EQUITY" was $6, 000.
The solution and formula is shown below: Equity = Total Assets - Total Liabilities E = $9000 - $3000 E= $3000
