A company had total liabilities of $11,200,000 and total stockholder's equity of $3,600,000. Using the accounting equation, how much were total assets?   a. $19,200,000 b. $3,600,000 c. $11,200,000 d. $3,600,000 e. $14,800,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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A company had total liabilities of $11,200,000 and total stockholder's equity of $3,600,000. Using the accounting equation, how much were total assets?


 

a.

$19,200,000

b.

$3,600,000

c.

$11,200,000

d.

$3,600,000

e.

$14,800,000

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