Answered: Horizon Supplies has assets equal to…

Horizon Supplies has assets equal to $145,000 and liabilities equal to $58,000 at year-end. What is the total equity for Horizon Supplies at year-end? a. $85,000 b. $87,000 c. $90,000 d. $92,000

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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Question

What is the total equity for horizon supplies at year end? General accounting

Horizon Supplies has assets equal to $145,000 and liabilities equal to $58,000 at
year-end. What is the total equity for Horizon Supplies at year-end?
a. $85,000
b. $87,000
c. $90,000
d. $92,000

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