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nasty-shy [4]
3 years ago
10

As of june 30, 2013, actual tigers company has assets of $100,000 and stockholders' equity of $30,000. what are the liabilities

for actual tigers company as of june 30, 2013?
Business
1 answer:
nignag [31]3 years ago
8 0
'Actual Tigers Company'
Total Assets
$100,000
Stockholder Equity: $30,000

$100,000 - $30,000 = $70,000

$70,000 + $30,000 = $100,000

Total Assets - Equity = $70,000 (total liabilities)
$70,000 + Equity = $100,000 (total assets)

In accounting if we minus the total assets ($100,000) with equity ($30,000) it will always give the "total liabilities" which is (70,000)

Then, adding the "total liabilities" ($70,000) with the equity ($30,000) equals $100,000 equal like as the "total assets"of $100,000

The total assets MUST match the total liabilities. If they don't match then either the calculation of the total assets are inaccurate or the numbers are estimated wrong to recalculate.
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