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If a company has total assets of $99,800 and stockholders' equity of $56,100, what is the value of its total liabilities?

If a company has total assets of $99,800 and stockholders' equity of $56,100, what is the value of its total liabilities?

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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What is the value of its total liabilities??

If a company has total assets of $99,800 and stockholders' equity of $56,100, what is the value of its total liabilities?
Transcribed Image Text:If a company has total assets of $99,800 and stockholders' equity of $56,100, what is the value of its total liabilities?
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