Answered

Welcome to Westonci.ca, the Q&A platform where your questions are met with detailed answers from experienced experts. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.

A company has $530,000 in assets and $170,000 in shareholder's equity.
What is the total of the company's liabilities?
O A. $360,000
O B. $170,000
O C. $700,000
O D. $265,000

Sagot :

sqdancefan

Answer:

   A.  $360,000

Step-by-step explanation:

Shareholder equity is the amount by which the assets exceed the liabilities.

  A - L = E

  530,000 - L = 170,000

  L = 530,000 -170,000 = 360,000

The total of the company's liabilities is $360,000.

Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Get the answers you need at Westonci.ca. Stay informed by returning for our latest expert advice.