A Business has the following items in it: land $1,500,000, machinery, $80,000, cash $20,000, owners...
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Accounting
A Business has the following items in it: land $1,500,000, machinery, $80,000, cash $20,000, owners equity $900,000 and loans $500,000. What is the value of the creditors? a. $200,000 b. $700,000 c. $800,000 d. $1,100,000 e. none of the above. please show how you got the answer
a. $200,000
b. $700,000
c. $800,000
d. $1,100,000
e. none of the above.
please show how you got the answer
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