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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
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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 correct.

User Anfath Hifans
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1 Answer

6 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

User Hafsa
by
4.8k points
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