Answer:
$130,000
Explanation:
With regards to the above information, recall that;
Assets = Liabilities + Retained earnings.
Equity consist of Capital stock + Retained earnings
Given that;
Assets = $780,000
Liabilities ?
Capital stock = $500,000
Retained earnings = $150,000
Therefore,
$780,000 = Liabilities + $500,000 + $150,000
Liabilities = $780,000 - $500,000 - $150,000
Liabilities = $130,000
White company's total amount of outstanding liabilities is $130,000