Paulette's Pizza Palace has liabilities totaling $192,257. The net worth of the business is $345,305. What are the total assets of the business?$537,562$437,562$173,058$153,058None of these choices are

Iker asked Feb 27, 2023

255,010 views

38 votes

Iker asked Feb 27, 2023

by Iker

2.9k points

Your comment on this question:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Email me at this address if my answer is selected or commented on:Email me if my answer is selected or commented on

Privacy: Your email address will only be used for sending these notifications.

16 votes

SOLUTION

Networth = Total Assets - Liabilities.

Therefore, the Total Assets = Networth + Liabilites

Total Assets = 345,305 + 192,257 = $537,562

Therefore, the first option is the correct answer $537,562

Marsden answered Mar 3, 2023

3.1k points

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

1.6m questions

2.0m answers