Question

If a company’s equity is $340,000 and liabilities are $195,000, what is the value of the company’s assets?

Answer 1

For this case, the first thing you should keep in mind is the following definition:
equity = assets - liabilities
Therefore, by clearing we have:
assets = equity - liabilities
Substituting values we have:
assets = (340000) - (195000)
assets = $ 145,000
Answer:
The value of the company's assets is:
assets = $ 145,000