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

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

Problem 1Q

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