If a company has total liabilities of $49,500 and stockholders' equity of $61,800, 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...
icon
Related questions
Question

Financial accounting question

If a company has total liabilities of $49,500 and
stockholders' equity of $61,800, what is the value
of its total assets?
Transcribed Image Text:If a company has total liabilities of $49,500 and stockholders' equity of $61,800, what is the value of its total assets?
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Accounting Volume 1
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College