Assuming that the business total liabilities are 1/3 of the total equity of the business, based on the recovered records, the total assets of the business are four times the value of the total liabilities, indicated amount of the equity is 600,000. How much is the total assets of the business? 400,000 800,000 200,000 650,000
Assuming that the business total liabilities are 1/3 of the total equity of the business, based on the recovered records, the total assets of the business are four times the value of the total liabilities, indicated amount of the equity is 600,000. How much is the total assets of the business? 400,000 800,000 200,000 650,000
Chapter2: Analysis Of Financial Statements
Section: Chapter Questions
Problem 16PROB
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Assuming that the business total liabilities are 1/3 of the total equity of the business, based on the recovered records, the total assets of the business are four times the value of the total liabilities, indicated amount of the equity is 600,000. How much is the total assets of the business?
400,000
800,000
200,000
650,000
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