A company has $83,000 in Liabilities and $118,000 in Stockholders' Equity. What is the value of the company's Assets?

Question

Quizplus · Accepted Answer

The value of assets can be found using the accounting equation: assets = liabilities + stockholders' equity. 
Substituting the given values, we get:
Assets = Liabilities + Stockholders' Equity
Assets = $83,000 + $118,000
Assets = $201,000
Therefore, the value of the company's assets is $201,000.

A Company Has $83,000 in Liabilities and $118,000 in Stockholders