If a company’s equity is $340,000 and liabilities are $195,000, what is the value of the company’s assets?

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03-04-2018
Mathematics

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If a company’s equity is $340,000 and liabilities are $195,000, what is the value of the company’s assets?

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carlosego carlosego · Answer 1 · 2018-04-03T02:38:06+02:00

carlosego carlosego

03-04-2018

For this case, the first thing you should keep in mind is the following definition:
equity = assets - liabilities
Therefore, by clearing we have:
assets = equity - liabilities
Substituting values we have:
assets = (340000) - (195000)
assets = $ 145,000
Answer:
The value of the company's assets is:
assets = $ 145,000

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