If Assets = $25,000 and Liabilities = $25,000, then Equity m

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If Assets = $25,000 and Liabilities = $25,000, then Equity must equal $25,000

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If Assets = $25,000 and Liabilities = $25,000, then Equity must equal $25,000.

True

False

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The correct answer is False. The correct answer is Zero.

To calculate this, break out the accounting equation:

Assets = Liabilities + Equity

Now, solve for equity:

25,000 = 25,000 + X

0 = X

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