The balance sheet for a small corporation shows total assets of $425,600, common equity of $125,000, and

Question:

The for a small shows total assets of $425,600, common equity of $125,000, and retained earnings of $85,000. Calculate the total liabilities. Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...