Answered: The equity of Horizon Enterprises is…

The equity of Horizon Enterprises is $150,000, and the total liabilities are $25,000. What are the total assets? a. $200,000 b. $125,000 c. $175,000 d. $250,000

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 15MCQ: Hummel Inc. has $30,000 in current assets and $15,000 in current liabilities. What is Hummels...

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Question

100%

What are the total assets on these general accounting question?

The equity of Horizon Enterprises is $150,000, and
the total liabilities are $25,000. What are the total
assets?
a. $200,000
b. $125,000
c. $175,000
d. $250,000

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