Answer:
$293,000
Explanation:
The total assets comprises of current assets, fixed assets , and the intangible assets
The current assets includes cash, stock, account receivable, etc
Fixed assets include plant & machinery, land, equipment, furniture & fittings, etc.
And, the intangible assets include patents, copyrights, goodwill, etc.
In this question, we apply the accounting equation which is shown below:
Total assets = Total liabilities + Shareholder equity
where,
Total liabilities = Accounts payable + Interest payable + Notes payable
= $65,000 + $2,000 + $80,000
=$ 147,000
And, the shareholder equity equals to
= Capital stock + retained earnings
= $100,000 + $46,000
= $146,000
Now put these values to the above formula
So, the value would equal to
= $147,000 + $146,000
= $293,000
