Provide correct solution and accounting If assets are $300,000 and liabilities are$192,000, then equity equals:

Detailed explanation:Given:Assets, $ 300,000Liabilities, $ 192,000 Question: Equity equals _______…

Answered: If assets are $300,000 and liabilities…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 17MC: If equity equals $100,000, which of the following is true? A. Assets exceed liabilities by $100,000....

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Similar questions

If equity is $338,000 and liabilities are $188,000, then assets equal:
If equity is $30,000 and liabilities are $19,000, then assets must equal what?
If equity is $300,000 and liabilities are $192,000, then assets equal: A. B. C. D.
If assets are $112.000 and liabilities are $38,500, then equity equals: Multiple Cholce $38,500. $73,500. 112,000. $150,500. $262.500.
So If equity is $310.000 and liabilities are $193.000, then assets equal: Multiple Cholce $117,000. $193,000. $310,000. $503,000. $813,000.
If equity is $340,000 and liabilities are $195,000, then assets equal: a. $195,000 b. $340,000 c. $535,000 d. $145,000 e. $875,000
Thickburger's net fixed assets = $200,000, total assets = $400,000, inventory =$50,000 and current liabilities = $100,000. All assets are classified as beingeither "current assets" or "fixed assets". What is the firm's current ratio?b. What is Thickburger's quick ratio?
None
Calculate working capital when: Cash=$100, Creditors=$100, Short-term loan=$100, Inventory (stock)=$100, Long-term loans = $100
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7. New World has total assets of $31,300, long-term debt of $8,600, net fixed assets of $20,300, and owners' equity of $21,100. What is the value of the net working capital?

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If assets are $300,000 and liabilities are $192,000, then equity equals: