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A business has total liabilities of $85,000 and stockholders' equity of $115,000. What is the value of its total assets?

A business has total liabilities of $85,000 and stockholders' equity of $115,000. What is the value of its total assets?

Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter1: The Role Of Accounting In Business
Section: Chapter Questions
Problem 4SEQ: If total assets are $20,000 and total liabilities are $12,000, the amount of stockholders’ equity...
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What is the value of its total assets?

A business has total liabilities of $85,000 and stockholders' equity of $115,000. What is the value of its total assets?
Transcribed Image Text:A business has total liabilities of $85,000 and stockholders' equity of $115,000. What is the value of its total assets?
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