The assets of Sunlight Company are $270,000 and equity is $90,000. Liabilities will be:
A)$60,000.
B)$360,000.
C)$270,000.
D)$180,000.

Name: The assets of Sunlight Company are $270,000 and equity is $90,000. Liabilities will be: A)$60,000. B)$360,000. C)$270,000. D)$180,000.
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Quizplus · Accepted Answer

Liabilities can be calculated using the accounting equation: Assets = Liabilities + Equity. Therefore, Liabilities = Assets - Equity = $270,000 - $90,000 = $180,000.

The Assets of Sunlight Company Are $270,000 and Equity Is