A company's total assets equal $425,000, and its total owners' equity equals $180,000. What is the total liabilities amount? A. $605,000 B. $245,000 C. Cannot be determined from the information given D. $180,000

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 15MCQ: Hummel Inc. has $30,000 in current assets and $15,000 in current liabilities. What is Hummels...
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What is the total liabilities amount of this general accounting question?

A company's total assets equal $425,000, and its total
owners' equity equals $180,000.
What is the total liabilities amount?
A. $605,000
B. $245,000
C. Cannot be determined from the information given
D. $180,000
Transcribed Image Text:A company's total assets equal $425,000, and its total owners' equity equals $180,000. What is the total liabilities amount? A. $605,000 B. $245,000 C. Cannot be determined from the information given D. $180,000
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