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Subjects>Business>Accounting

If the assets owned by a company total 500000 and the stockholders equity totals 400000 do liabilities total 100000?

Updated: 9/17/2023

Wiki User

∙ 9y ago

Best Answer

1. Basic Accounting Equation:

Assets = Liabilities + Owners Equity

500000 = Liabilities + 400000

Liabilities = 500000 - 400000

Liabilities = 100000

Wiki User

∙ 9y ago

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Q: If the assets owned by a company total 500000 and the stockholders equity totals 400000 do liabilities total 100000?

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Continue Learning about Accounting

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