BUISENESS MANAGEMENT
FINANCIAL MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Balance the equation. Assets = $4, 000; Owner’s Equity = $2, 500. What must liabilities equal?
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$4, 000
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$2, 500
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$6, 500
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$1, 500
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Explanation:
Detailed explanation-1: -Liabilities = Assets – Shareholder’s Equity To determine the total amount of liabilities, find the amount of total assets and equity on your balance sheet.
Detailed explanation-2: -As a result, we can re-arrange the formula to read liabilities = assets-equity. Thus, the value of a firm’s total liabilities will equal the difference between the values of total assets and shareholders’ equity.
Detailed explanation-3: -The main accounting equation is: Assets = Liabilities + Equity. Together, they make up a company’s balance sheet.
Detailed explanation-4: -Answer and Explanation: The answer is 3. 60, 000.
There is 1 question to complete.