MiaZo2586 MiaZo2586
  • 07-02-2018
  • Business
contestada

If equity is $368,000 and liabilities are $186,000, then assets equal:

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carlosego
carlosego carlosego
  • 19-02-2018
By definition we have that the capital is equal to the Assets minus the liabilities.
 In other words, we have:
 C = A-P
 Where,
 A = Assets
 P = Liabilities
 C = Capital
 Clearing assets:
 A = C + P
 A = 368000 + 186000
 A = 554000
 answer:
 The assets are $ 554,000
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