If assets are valued at $500,000 and capital amounts to $350,000, the liabilities of the business are
A) $850,000
B) $500,000
C) $350,000
D) $150,000

Name: If assets are valued at $500,000 and capital amounts to $350,000, the liabilities of the business are A) $850,000 B) $500,000 C) $350,000 D) $150,000
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Liabilities can be calculated using the accounting equation: Assets = Liabilities + Equity (or Capital). Therefore, Liabilities = Assets - Capital = $500,000 - $350,000 = $150,000.

If Assets Are Valued at $500,000 and Capital Amounts to $350,000