Answered

Connect with a community that values knowledge and expertise on IDNLearn.com. Explore a wide array of topics and find reliable answers from our experienced community members.

A company's balance sheet has total assets of $400,000 and total equity of $350,000. What are the total liabilities?
i. $50,000
ii. $350,000
iii. $750,000
iv. Can't be determined

Sagot :

Parrainidn

Based on the total assets and total equity of the company, we can calculate the liabilities to be $50,000.

The Accounting equation is as follows:

Assets = Equity + Liabilities

Given the assets and the equity therefore, you can solve for liabilities:

400,000 = 350,000 + Liabilities

Solving gives:

Liabilities = 400,000 - 350,000

= $50,000

In conclusion, option i is correct.

Find out more about the accounting equation at https://brainly.com/question/24401217.

We are happy to have you as part of our community. Keep asking, answering, and sharing your insights. Together, we can create a valuable knowledge resource. Thanks for visiting IDNLearn.com. We’re dedicated to providing clear answers, so visit us again for more helpful information.