If equity is $338,000 and liabilities are $188,000, then assets equal:Multiple Choice$150,000.$188,000.$338,000.$526,000.$864,000.< Prev3 of 18#FHFHNext >

The accounting equation is a mathematical representation of financial transactions. The accounting…

Answered: If equity is $338,000 and liabilities…

If equity is $338,000 and liabilities are $188,000, then assets equal: Multiple Choice O $150,000. $188,000. $338,000. $526,000. $864,000.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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If equity is $338,000 and liabilities are $188,000, then assets equal:
Multiple Choice
$150,000.
$188,000.
$338,000.
$526,000.
$864,000.
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