Answer: The value of total equity is $600
Explanation:
We are given:
Total Assets = $2,700
Total Liabilities = $2,100
To calculate the value of Total equity, we use the equation:
[tex]\text{Total Assets}=\text{Total Liabilities + Total Equity}[/tex]
Putting values in above equation, we get:
[tex]\$2700=\$2100+\text{Total Equity}\\\\\text{Total Equity}=\$2700-\$2100=\$600[/tex]
Hence, the value of total equity is $600
