Question: If assets are $ 3 2 8 , 0 0 0 and liabilities are $ 1 8 9 , 0 0 0 , then equity

If assets are $328,000 and liabilities are $189,000, then equity equals:
$139,000.
$189,000.
$328,000.
$517,000.
$845,000.
If assets are $ 3 2 8 , 0 0 0 and liabilities are

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

1. What is the amount for Total Assets in 2016? 2. What is amount for Total Liabilities & Owner's Equity for 2016? 3. What is the change in retained earnings from 2015 to 2016? 4. What is the amount...

Q:

Delta Mfg . is currently operating at full capacity. The firm has sales of $ 8 9 , 6 0 0 , current assets of $ 3 2 , 0 0 0 , current liabilities of $ 2 3 , 6 0 0 , net fixed assets of $ 4 1 , 5 0 0 ,...

Q:

this question is a 3 part question yhe information for the 3 are posted in the statement. The following information applies to the questions displayed below) Sun Corporation received a charter that...

Q:

Just want the income statement prepared based on the information provided INCOME STATEMENT INFO(000's omitted) Tax Brackets 40% Common Stock Outstanding 715 000 Preferred Stock Dividends $15 000...

Q:

Blooming Flower Company was started in Year 1 when it acquired $61,300 cash from the issue of common stock. The following data summarize the company's first three years' operating activities. Assume...

Q:

I need help!!! This is the second part of a six part problem that will allow you to prepare the 2014 tax return for Laurie and Lynn Norris. As with the previous parts, this part of the problem will...

Q:

Check my work Problem 3-25 Basic transactions for three accounting cycles: Perpetual system LO 3-3 Blooming Flower Company was started in 2018 when it acquired $61,400 cash from the issue of common...

Q:

i need help in the pictures that has the years 2018-2020 Homework Assignment i Saved Problem 3-25 Basic transactions for three accounting cycles: Perpetual system LO 3-3 Blooming Flower Company was...

Q:

I need help!!! This is the fourth part of a six part problem that will allow you to prepare the 2014 tax return for Laurie and Lynn Norris. As with the previous parts, this part of the problem will...

Q:

Determine the enthalpy of combustion of methane (CH4) at 25oC and 1 atm, using the enthalpy of formation data from Table A-26. Assume that the water in the products is in the liquid form. Compare...

Q:

Discuss how each of the following situations ......INFO 1...... could affect independence of mind and independence in appearance, and evaluate the social consequence of prohibiting auditors from...

Q:

Your uncle, Larson E. Whipsnade, has asked you for some financial advice. His retirement savings are currently invested as follows: $20,000 in the riskless asset, $40,000 in GM stock and $40,000 in...

Q:

Which Supreme Court case determined that "any ascension to wealth" was gross income? Multiple Choice Lucas v . Earl Cesarini v . U . S . Glenshaw Glass v . Commissioner None of the above

Q:

Hugo decides to buy his Christmas gifts on Black Friday. To simplify his life, he is giving his 10 closest friends scarves for Christmas and everyone else Christmas cards. Hugo is willing to pay up...