Please provide correct answer general accounting question not use chart gpt If a company has total liabilities of $48,500 andstockholders' equity of $72,100, what is the value ofits total assets?

Step 1:As per the accounting equation, the total assets are always equal to the sum of total…

Answered: If a company has total liabilities of…

If a company has total liabilities of $48,500 and stockholders' equity of $72,100, what is the value of its total assets?

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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Please provide correct answer general accounting question not use chart gpt

If a company has total liabilities of $48,500 and
stockholders' equity of $72,100, what is the value of
its total assets?

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