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

A) $108,000.
B) $192,000.
C) $300,000.
D) $492,000.
E) $792,000.

Question

If equity is $300,000 and liabilities are $192,000, then assets equal:A)  $108,000.B)  $192,000.C)  $300,000.D)  $492,000.E)  $792,000.

Mariah Gareis · Accepted Answer

Final Answer : D, Explanation :  The formula for calculating assets is:Assets = Equity + LiabilitiesSubstituting the values given in the question:Assets = $300,000 + $192,000Assets = $492,000Therefore, the answer is D) $492,000.

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

A) $108,000.
B) $192,000.
C) $300,000.
D) $492,000.
E) $792,000.

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