Answer:
Land - cash = Total liabilities
Explanation:
As we know that
Total assets = Total liabilities + stockholder equity
Where,
Land = $24,000
Cash = $6,000
And long term liabilities = $18,000
So, the equation would be
Land - cash = Total liabilities
$24,000 - $6,000 = $18,000
$18,000 = $18,000
So by this we can match and balanced our company balance sheet as we see that the amount are equaled and matched.
