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katrin2010 [14]
2 years ago
5

The liabilities of Oriole Company are $117,000 and the owner’s equity is $227,000. What is the amount of Oriole Company’s total

assets?
Business
2 answers:
nekit [7.7K]2 years ago
4 0

Answer:

$344,000

Explanation:

The applicable formula, in this case, is the accounting equation.

Assets= Liabilities + Equity.

Liabilities =$117,000

Equity =$227,000

Assets = $117,000 + $227,000

Assets = $344,000

Anastaziya [24]2 years ago
3 0

Answer:

$344,000

Explanation:

liabilities= $117,000

                         --------> assets= $344,000

equity= $227,000

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Bruce, a buyer, contracted with Steve, a seller, to buy ten dozen bicycle tires for $960. Payment was due thirty days after deli
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