If total assets equal $295 000,total liabilities are $165 000 and total equity equals $130 000 then net assets equals:
A) $295 00
B) $130 000
C) $165 000
D) $30 000

Name: If total assets equal $295 000,total liabilities are $165 000 and total equity equals $130 000 then net assets equals: A) $295 00 B) $130 000 C) $165 000 D) $30 000
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Question

Quizplus · Accepted Answer

$295 000 total assets - $165 000 total liabilities = $130 000 net assets. This always agrees to total equity.

If Total Assets Equal $295 000,total Liabilities Are $165 000