Question

Cartex​, a new​ company, completed these transactions. 1. Stockholders invested $ 53 comma 000 cash and inventory with a fair value of $ 28 comma 000. 2. Sales on​ account, $ 23 comma 000. What will Cartex​'s total assets​ equal? A. $ 53 comma 000 B. $ 81 comma 000 C. $ 76 comma 000 D. $ 104 comma 000

Answer 1

D. $ 104,000

Step-by-step explanation:

Cash $53,000

Inventory $28,000

Accounts Receivable $23,000

Total Assets $104,000

An asset is a resource with economic value that an individual, corporation or country owns or controls with the expectation that it will provide a future benefit.