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Yanka [14]
3 years ago
5

As of December 31, 2022, Rockford Corporation has assets of $3,500 and stockholders' equity of $1,500. What are the liabilities

for Rockford as of December 31, 2022?
a. $1,000
b. $1,500
c. $2,000
d. $2,500
Business
1 answer:
Thepotemich [5.8K]3 years ago
8 0

Answer:

c. $2,000

Explanation:

Using the accounting equation

Assets - liabilities =  Equity

Assets = $3,500

Stockholders' equity = $1,500

Liabilities = ?

The liabilities for Rockford as of December 31, 2022

= $3,500 - $1,500

= $2,000

The liabilities for Rockford as of December 31, 2022 is $2,000. Option c.

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3 years ago
You would like to combine a risky stock with a beta of 1.87 with U.S. Treasury bills in such a way that the risk level of the po
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4 years ago
The Sisyphean Company has a bond outstanding with a face value of $ 1 comma 000 that reaches maturity in 10 years. The bond cert
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Answer:

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