If owner's equity is $135,000 and total liabilities are $90,000, then total assets would be:
A)$45,000.
B)$225,000.
C)$90,000.
D)$135,000.

Name: If owner's equity is $135,000 and total liabilities are $90,000, then total assets would be: A)$45,000. B)$225,000. C)$90,000. D)$135,000.
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Quizplus · Accepted Answer

Total assets are calculated as the sum of owner's equity and total liabilities. Therefore, $135,000 (owner's equity) + $90,000 (liabilities) = $225,000.

If Owner's Equity Is $135,000 and Total Liabilities Are $90,000