A company's balance sheet shows: cash $39,000, accounts receivable $45,000, equipment $80,000, and equity $87,000. What is the a

Question

3 years ago

14

mount of liabilities?A. $83,000.B. $251,000.C. $77,000.D. $151,000.E. $164,000.

1 answer:

Alisiya [41] · Answer 1 · 2022-07-30T17:49:09+03:00

Answer:

C. $77,000

Explanation:

Calculation for the amount of liabilities

Using this formula

Amount of liabilities=(Cash+Account receivable +Equipment) -Equity

Let plug in the formula

Amount of liabilities=($39,000+$45,000+$80,000)-$87,000

Amount of liabilities=$164,000-$87,000

Amount of liabilities=$77,000

Therefore the Amount of liabilities will be $77,000