menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Accounting Business Reporting
  4. Exam
    Exam 4: Business Transactions
  5. Question
    If Assets Are $560 000 and Equity Is $270 000
Solved

If Assets Are $560 000 and Equity Is $270 000

Question 23

Question 23

Multiple Choice

If assets are $560 000 and equity is $270 000 liabilities must be:


A) $830 000
B) $290 000
C) $560 000
D) $190 000

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q18: The effect on the accounting equation of

Q19: Which of these is not part of

Q20: A transposition of figures is easy to

Q21: The effect on the accounting equation of

Q22: The effect on the accounting equation of

Q24: A manual spreadsheet,used by accountants to organise

Q25: On 14 May,Green Pty Ltd sells goods

Q26: A supplier sold inventory to XYZ Pty

Q27: Which of these is correct?<br>A)Assets + liabilities

Q28: A customer purchased goods from DEF Pty

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines