# Presented below is the basic accounting equation (in thousands). Determine the missing amounts. Liabilities 50,000 45,000 Equity Assets a. 88,000 b. ? 70,000 c. . 94,000 60,000

Chapter 1, Brief Exercises #1

Presented below is the basic accounting equation (in thousands). Determine the missing amounts.

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**Related Book For**

## Financial Accounting with International Financial Reporting Standards

4th edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

ISBN: 978-1119504306