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The FastForward Company balance sheet shows cash $5,000, accounts receivable $7,000, office equipment $3,000, and accounts payable $4,000. What is the amount of equity? Question

The FastForward Company balance sheet shows cash $5,000, accounts receivable $7,000, office equipment $3,000, and accounts payable $4,000. What is the amount of equity?

Question 1Answer
a.

$11,000.

b.

$13,000

c.

$10,000.

d.

$15,000

e.

$19,000

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