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vichka [17]
3 years ago
5

If a company’s equity is $340,000 and liabilities are $195,000, what is the value of the company’s assets?

Mathematics
1 answer:
rewona [7]3 years ago
3 0
For this case, the first thing you should keep in mind is the following definition:
 equity = assets - liabilities
 Therefore, by clearing we have:
 assets = <span>equity</span> - liabilities
 Substituting values we have:
 assets = (340000) - (195000)
 assets = $ 145,000
 Answer:
 
The value of the company's assets is:
 
assets = $ 145,000
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