A company has Liabilities of $23,500 and Stockholders' Equity of $56,500.How much does the company have in Assets?

Name: A company has Liabilities of $23,500 and Stockholders' Equity of $56,500.How much does the company have in Assets?
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Question

Quizplus · Accepted Answer

The assets of a company can be calculated by adding its liabilities and stockholders' equity. 
Assets = Liabilities + Stockholders' Equity
= $23,500 + $56,500
= $80,000 
Therefore, the company has $80,000 in assets. Option C is correct.

A Company Has Liabilities of $23,500 and Stockholders' Equity of $56,500.How