The following items (in thousands) are taken from the financial statements of Huang Company for the year ending December 31, 2014: What is total equity and liabilities at December 31, 2014?
A) ¥528,000
B) ¥570,000
C) ¥654,000
D) ¥696,000

Question

The following items (in thousands) are taken from the financial statements of Huang Company for the year ending December 31, 2014:  What is total equity and liabilities at December 31, 2014?
A) ¥528,000 
B) ¥570,000 
C) ¥654,000 
D) ¥696,000

Quizplus · Accepted Answer

Total equity and liabilities are calculated by adding the equity and liabilities numbers together, which are: 
Equity: ¥252,000 
Liabilities: ¥402,000 
Total equity and liabilities: ¥654,000

The Following Items (In Thousands) Are Taken from the Financial