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If a business has total liabilities of $125,600 and stockholders' equity of $214,400, what is the value of its total assets?

If a business has total liabilities of $125,600 and stockholders' equity of $214,400, what is the value of its total assets?

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 3MC: The following is selected financial data from Block Industries: How much does Block Industries have...
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I need the correct answer to this general accounting problem using the standard accounting approach.

If a business has total liabilities of $125,600 and stockholders' equity of $214,400, what is the value of its total assets?
Transcribed Image Text:If a business has total liabilities of $125,600 and stockholders' equity of $214,400, what is the value of its total assets?
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