A company reported total equity of $145,000 on its Dec 31, 2006, balance sheet. The following information is available for the year ended Dec 31, 2007; 2007 revenues 2007 expenses $210,000 $165,000 Liabilities, at Dec 31, 2007 $92,000 What are the total assets of the company at Dec 31, 2007?

A company reported total equity of $145,000 on its Dec 31, 2006, balance sheet. The following information is available for the year ended Dec 31, 2007; 2007 revenues 2007 expenses $210,000 $165,000 Liabilities, at Dec 31, 2007 $92,000 What are the total assets of the company at Dec 31, 2007?

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 17BEA: Ernst Companys balance sheet shows total liabilities of 32,500,000, total stockholders equity of...

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Give answer this accounting question

A company reported total equity of $145,000 on its Dec 31, 2006, balance sheet. The following
information is available for the year ended Dec 31, 2007;
2007 revenues
2007 expenses
$210,000
$165,000
Liabilities, at Dec 31, 2007 $92,000
What are the total assets of the company at Dec 31, 2007?

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