Final answer:
The total assets of Alliance Company are calculated using the accounting equation, which results in the correct answer being D. $190,000.
Step-by-step explanation:
The question asked pertains to the calculation of total assets for Alliance Company, given the equity and total liabilities. The relationship between assets, liabilities, and equity can be summarized by the fundamental accounting equation:
Assets = Liabilities + Equity
By plugging in the given values into this equation, we get the following calculation:
Total Assets = Total Liabilities + Equity
Total Assets = $80,000 + $110,000
Total Assets = $190,000
Therefore, the correct answer to the student's question is D. $190,000.