A company reports total liabilities of $3,500 and stockholders' equity of $2,400. What is the amount of total assets?

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 6BE
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A company reports total liabilities
of $3,500 and stockholders' equity
of $2,400. What is the amount of
total assets?
Transcribed Image Text:A company reports total liabilities of $3,500 and stockholders' equity of $2,400. What is the amount of total assets?
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