A company reports total liabilities of $3,500 and stockholders' equity of $2,800. What is the amount of total assets?

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 30BEB: Klynveld Companys balance sheet shows total liabilities of 94,000,000, total stockholders equity of...
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What is the amount of total assets?

A company reports total
liabilities of $3,500 and
stockholders' equity of $2,800.
What is the amount of total
assets?
Transcribed Image Text:A company reports total liabilities of $3,500 and stockholders' equity of $2,800. What is the amount of total assets?
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