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9 May, 10:33

If equity is $368,000 and liabilities are $186,000, then assets equal:

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  1. 9 May, 12:25
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    By definition we have that the capital is equal to the Assets minus the liabilities.

    In other words, we have:

    C = A-P

    Where,

    A = Assets

    P = Liabilities

    C = Capital

    Clearing assets:

    A = C + P

    A = 368000 + 186000

    A = 554000

    answer:

    The assets are $ 554,000
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