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The capital amount can be calculated using the accounting equation, which states that assets are equal to the sum of capital and liabilities.
To calculate the capital amount?
The capital amount can be calculated using the accounting equation, which states that assets are equal to the sum of capital and liabilities.
To calculate the capital amount?
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ChatGPT
Mar 19
, you would need to rearrange the accounting equation to solve for capital. The formula would be:
Capital = Assets - Liabilities
You would need to gather the total assets and total liabilities from the company's balance sheet in order to calculate the capital amount. Subtract the total liabilities from the total assets to find the capital amount.