Question

a company has 340,000.00 worth of equity. Their liability is $195,000.00. What are the company's assets?

Answer 1

The company's assets are 535,000.00.

Explanation:

To find the company assets we can use the formula:

Assets = Liabilities + Equity

In the given question,

Liabilities = 195,000.00

Equity = 340,000.00

Putting values in the above formula:

Assets = Liabilities + Equity

Assets = 195,000.00 + 340,000.00

Assets = 535,000.00

So, the company's assets are 535,000.00.