If the stockholders' equity of a bank is $30,000 and the total liabilities of the bank equal $10,000,the total assets of the bank will equal ________.

Question

Quizplus · Accepted Answer

According to the accounting equation, Assets = Liabilities + Stockholders' equity. Thus, total assets = $30,000 (stockholders' equity) + $10,000 (liabilities) = $40,000. Therefore, the best choice is D.

If the Stockholders' Equity of a Bank Is $30,000 and the Total