If a company reports total liabilities of $78,500 and stockholders' equity of $123,750, calculate the company's total assets.

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 6BE
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General accounting

If a company reports total liabilities of $78,500 and
stockholders' equity of $123,750, calculate the company's
total assets.
Transcribed Image Text:If a company reports total liabilities of $78,500 and stockholders' equity of $123,750, calculate the company's total assets.
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