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A company reports total liabilities of $125,000 and stockholders' equity of $175,000. Calculate the total assets using the accounting equation.

A company reports total liabilities of $125,000 and stockholders' equity of $175,000. Calculate the total assets using the accounting equation.

College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter1: Asset, Liability, Owner’s Equity, Revenue, And Expense Accounts
Section: Chapter Questions
Problem 1E
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A company reports total liabilities of $125,000 and stockholders' equity of $175,000. Calculate the total assets using the accounting equation.
Transcribed Image Text:A company reports total liabilities of $125,000 and stockholders' equity of $175,000. Calculate the total assets using the accounting equation.
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