Question

If equity is $300,000 and liabilities are $192,000, then assets equal:

Answer 1

Answer:

492000

Explanation:

asset=equities(liabilities include capital)

Answer 2

Accounting Equation

Explanation:

Given:

equity capital = $300,000

Other liabilities = $192,000

Total Assets = ?

Computation of total assets :

We know that balance of Total liabilities are always equal to balance pf total assets

Total liabilities = Total assets

Equity Capital + Other liabilities = Total assets

$300,000 + $192,000 = Total assets

Total assets = $492,000

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