What is the amount of equity? The total assets of a company amount to$845,000, while the total liabilities are$315,000.What is the amount of equity?A. $1,160,000B. $845,000C. $530,000

Step 1: Definition of EquityEquity, also known as Shareholders' Equity, is the residual interest in…

Answered: The total assets of a company amount to…

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter1: The Role Of Accounting In Business

Section: Chapter Questions

Problem 4SEQ: If total assets are $20,000 and total liabilities are $12,000, the amount of stockholders’ equity...

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The total assets of a company amount to $845,000, while the total liabilities are $315,000. What is the amount of equity? A. $1,160,000 B. $845,000 C. $530,000