If equity is $340,000 and liabilities are $195,000, then assets equal: choices include $535,000, $195,000, $145,000, $340,000, and $875,000.
Understand the Problem
The question is a set of accounting problems asking about assets, liabilities, equity, financial principles, and accounting assumptions. The user is likely looking for explanations related to accounting concepts and calculations.
Answer
$535,000
The assets equal $535,000.
Answer for screen readers
The assets equal $535,000.
More Information
The assets of a company can be calculated using the basic accounting equation: Assets = Liabilities + Equity.
Tips
A common mistake is to subtract liabilities from equity, rather than adding them when solving for assets.
Sources
- If equity is $340000 and liabilities are $195000, then assets equal - homework.study.com
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