Question

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

Answer 1

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