Answered

Explore Westonci.ca, the leading Q&A site where experts provide accurate and helpful answers to all your questions. Our platform provides a seamless experience for finding reliable answers from a knowledgeable network of professionals. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.

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

We hope this information was helpful. Feel free to return anytime for more answers to your questions and concerns. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Westonci.ca is committed to providing accurate answers. Come back soon for more trustworthy information.