Question

In: Accounting

If total assets equal $346000 and total stockholders' equity equal $140400, then total liabilities must equal...

If total assets equal $346000 and total stockholders' equity equal $140400, then total liabilities must equal

a) $205600

b) $140400

c) There is not enough information given to determine this

d) $486400

Solutions

Expert Solution

Total liabilities = Total Assets-Total Stockholder's equity

= 346000-140400

Total liabilities = 205600

so answer is a) $205600

ekkarill92 answered 2 years ago
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