Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A company's balance sheet shows cash of $38,000, accounts receivable of $44,000, equipment of $78,000, and equity of $86,000. What is the amount of liabilities?

A company's balance sheet shows cash of $38,000, accounts receivable of $44,000, equipment of $78,000, and equity of $86,000. What is the amount of liabilities? Multiple Choice $160,000. $146,000. $74,000. $82,000. $246,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting In Business

Authors: R. J. Bull

5th Edition

0408014865, 978-0408014861

More Books

Students also viewed these Accounting questions

Question

Compute and interpret the number of days sales in inventory.

Answered: 1 week ago