The liabilities and stockholder's equity of a company are $132,000 and $244,000, respectively. Assets should equal

A) $188,000
B) $132,000
C) $376,000
D) $112,000

Question

The liabilities and stockholder's equity of a company are $132,000 and $244,000, respectively. Assets should equalA) $188,000B) $132,000C) $376,000D) $112,000

kendysha crejuste · Accepted Answer

Final Answer : C, Explanation :  The sum of liabilities and stockholder's equity equals the total assets of a company. Therefore, the assets can be calculated as:Assets = Liabilities + Stockholder's EquityAssets = $132,000 + $244,000Assets = $376,000Hence, the correct answer is option C.

The liabilities and stockholder's equity of a company are $132,000 and $244,000, respectively. Assets should equal

A) $188,000
B) $132,000
C) $376,000
D) $112,000

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