b

a. Total assets of Charter Company equal $740,000 and its equity is $440,000. What is the amount of its liabilities? b. Total assets of Martin Marine equal $540,000 and its liabilities and equity amounts are equal to each other. What is the amount of I liabilities? What is the amount of its equity? Liabilities Assets $ 740,000 $ 540.000 - Equity 140,000 $ b