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Accounting Equation The total The resources owned by a business.assets and total The rights of creditors that represent debts of the business.liabilities of Pat's Coffee

Accounting Equation

The total The resources owned by a business.assets and total The rights of creditors that represent debts of the business.liabilities of Pat's Coffee & Tea Inc. and Pam's A business organized under state or federal statutes as a separate legal entity.Corporation are shown below.

Pat's Coffee & Tea Inc. (in millions) Pam's Corporation (in millions)
Assets $25,310 $24,551
Liabilities 11,136 11,784

Determine the The owner's right to the assets of the business.owners' equity of each company.

Pat's Coffee & Tea Inc. owners' equity $ million
Pam's Corporation owners' equity $ million

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