SLO 3: ABAC Farms has assets of

$700,000

; liabilities of

$200,000

; Net income of

$32,000

; and, Consulting Revenue of

$250,000

. What is the amount of ABAC Farm's equity?\

$900,000.\ $700,000.\ $500,000.\ $200,000.

\ It is impossible to determine unless the amount of the owners' investment is known.

SLO 3: ABAC Farms has assets of $700,000; liabilities of $200,000; Net income of $32,000; and, Consulting Revenue of $250,000. What is the amount of ABAC Farm's equity? $900,000$700,000$500,000$200,000 It is impossible to determine unless the amount of the owners' investment is known