A business  has a total assets of 100,000 a total liabilities of 70,000 and total equity of 30,000 at the beginning of the period. During the period total liabilities decreased 40,000. Business reported 50,000 profit for the period. How much is the ending total assets?

Answer rating: 100% (QA)

At the beginning of the period Total Assets 100000 Total Liabilities ... View the full answer