The assets and liabilities of a company are $128,000 and $84,000, respectively. Stockholders' equity should equal
A) $212,000
B) $44,000
C) $128,000
D) $84,000

Name: The assets and liabilities of a company are $128,000 and $84,000, respectively. Stockholders' equity should equal A) $212,000 B) $44,000 C) $128,000 D) $84,000
Brand: Quizplus
Rating: 4.8 (43 reviews)

Question

Quizplus · Accepted Answer

Assets = Liabilities + Stockholders' Equity
$128,000 = $84,000 + Stockholders' Equity
Stockholders' Equity = $44,000

The Assets and Liabilities of a Company Are $128,000 and $84,000