If current assets are 25,000, liabilities are 40,000, and owners' equity is 55,000, calculate the noncurrent assets.

College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter1: Asset, Liability, Owner’s Equity, Revenue, And Expense Accounts
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If current assets are 25,000, liabilities are 40,000,
and owners' equity is 55,000, calculate the
noncurrent assets.
Transcribed Image Text:If current assets are 25,000, liabilities are 40,000, and owners' equity is 55,000, calculate the noncurrent assets.
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