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The liabilities of Oriole Company are $117,000 and the owner’s equity is $227,000. What is the amount of Oriole Company’s total assets?

Sagot :

Samawati

Answer:

$344,000

Explanation:

The applicable formula, in this case, is the accounting equation.

Assets= Liabilities + Equity.

Liabilities =$117,000

Equity =$227,000

Assets = $117,000 + $227,000

Assets = $344,000

AudriannaJohnson

Answer:

$344,000

Explanation:

liabilities= $117,000

                         --------> assets= $344,000

equity= $227,000

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