Question: If equity is $ 4 2 8 , 0 0 0 and liabilities are $ 2 0 2 , 0 0 0 , then assets

If equity is $428,000 and liabilities are $202,000, then assets equal:
Multiple Choice
$226,000.
$202,000.
$630,000.
$428,000.
$1,058,000.
If equity is $428,000 and liabilities are $202,000, then assets equal:

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:

Case Study Suppose that you are the consultant hired by a manufacturing company to design a suitable inventory management strategy for its Alloy #1 products for determining the weekly production...

Q:

Hillyard Company, an office supplies specialty store, prepares its master budget on a quarterly basis. The following data have been assembled to assist in preparing the master budget for the first...

Q:

Saved ami If equity is $309,000 and liabilities are $190,000, then assets equal: Multiple Choice 0 $119,000. O $190,000. 0 $300,000 0 $499.000. 0 $808,000

Q:

-------- Note: Show all steps and calculations if you want up-votes for your answer thanks fx A B D E 1 E1-25 2 3 4 10 Using the accounting equation, preparing financial statements, and evaluating...

Q:

14. Which one is true for the following three player game? Choice A for Player 3 L R T 3, 5, 3 2, 2, 3 M 1, 4, 2 4, 0, 0 B 2, 4, 1 1, 0, 8 Choice B for Player 3 L R T 2, 3, 5 4, 2, 6 M 1, 4, 3 1, 2,...

Q:

Answer all of the following: The following data reflect the number of defects produced on an assembly line at an electronics company for the past 24 days. 5 3 4 1 3 2 2 2 0 1 3 3 2 1 2 5 5 4 2 8 0 1...

Q:

Would you be able to put together another monthly cash flow analysis, this time for year 1? INCOME STATEMENT Year 1 269,115.00 48,930.00 20,388.00 338,433.00 $ $ $ $ COGS $ 113,940.00 $ 125,940.00 $...

Q:

Pls answer the following guiding questions based on the case study in the picture Liability Management at General Motors 1. How has GM measured its exposure? How would you propose that GM measures...

Q:

1. Match each of the following terms with the most appropriate definition. Place a number (1 - 8) in the blank to the right of each definition. 1. Risk 2. Liabilities 3. Net income 4. Expenses 5....

Q:

Old MathJax webview Old MathJax webview The answer I just got from you does not match the questions? I'm not sure where I can comment on the last question it is not allowing me to comment on the...

Q:

Please look at the attachments below and help me understand if I am on the right track and how to complete the questions that have not been answered. Key Tolerance for answer errors Grade Manually...

Q:

Douglas Company has a $51,000 note that carries an annual interest rate of 10%. If the amount of the total interest on the note is equal to $2,125, then what is the duration of the note in months?

Q:

The current price of a five-year Treasury bond is $101.50. If the bond has a par value of $100 and a coupon rate of 5%, where coupon payments are made on a semi-annual basis the bonds yield to...

Q:

People who make financial decisions based on nominal values rather than real values:

Q:

WHAT IS the cash flow statement BBINFIT ,AND HOW WE CAN ANALAYSES

Q:

Based on the risk levels you calculated for the zip codes that Dillards sells to, what would your recommendation be to Dillards regarding purchasing tax software versus using freely available rate...

Q:

Using either the raw data in the table (Sheet2) or drilling down in the PivotTable, determine which counties and/or cities most contribute to the disparity between Alabamas state sales tax rate and...

Q:

Which state (just use the abbreviation) has the highest average risk level?