If total assets equal $145 000,total liabilities are $95 000 and total equity equals $55 000 then net assets equals
A)$145 000
B)$200 000
C)$95 000
D)$55 000

Question

Quizplus · Accepted Answer

Net assets are calculated as total assets minus total liabilities, which equals $145,000 - $95,000 = $50,000. However, the question seems to have a discrepancy as the given total equity is $55,000, which should equal net assets. Therefore, the correct choice based on the given options is D, assuming the equity figure is correct.

If Total Assets Equal $145 000,total Liabilities Are $95 000