Find out solutions. @ general account If total assets equal $336,000 and total owners' equity equals $115,500, thentotal liabilities must equal:A. $451,500B. $220,500C. Cannot be determined from the information givenD. $115,500

Understanding the Accounting EquationThe accounting equation is the foundation of financial…

Answered: If total assets equal $336,000 and…

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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If total assets equal $336,000 and total owners' equity equals $115,500, then total liabilities must equal: A. $451,500 B. $220,500 C. Cannot be determined from the information given D. $115,500