If owner's equity is $200,000 and total assets are $325,000, total liabilities would be:
A)$200,000.
B)$525,000.
C)$125,000.
D)$325,000.

Name: If owner's equity is $200,000 and total assets are $325,000, total liabilities would be: A)$200,000. B)$525,000. C)$125,000. D)$325,000.
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Quizplus · Accepted Answer

Total liabilities can be found using the accounting equation: Assets = Liabilities + Owner's Equity. Therefore, $325,000 (Assets) - $200,000 (Owner's Equity) = $125,000 (Liabilities).

If Owner's Equity Is $200,000 and Total Assets Are $325,000