Question
For 2008, Parker Inc. reported total liabilities of $720,000, current assets of $235,000, and total shareholders equity of $1,250,000. What are Parker Inc.s total assets?
For 2008, Parker Inc. reported total liabilities of $720,000, current assets of
$235,000, and total shareholders equity of $1,250,000. What are Parker Inc.s
total assets?
A)$1,735,000
B)$1,820,000
C)$1,970,000
D)$2,205,000
Please explain, thanks!
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Management Accounting
Authors: Pauline Weetman
2nd Edition
0273718452, 978-0273718451
