Question

The labilitics of Riverbed Company are $111,000 and its stockholders' equity is $242,000. What is the amount of Riverbed Company's total assets?

Answer 1

The amount of Riverbed Company's total assets is $353,000.

Step-by-step explanation:

To calculate the amount of Riverbed Company's total assets, we can use the accounting equation: Assets = Liabilities + Stockholders' Equity. Given that the liabilities are $111,000 and the stockholders' equity is $242,000, we can substitute these values in the equation to find the total assets:

Total Assets = $111,000 + $242,000 = $353,000

Therefore, the amount of Riverbed Company's total assets is $353,000.