If a company has $17,000 in liabilities and $2,500 in equity, then what is the amount of its assets?

Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter1: The Role Of Accounting In Business
Section: Chapter Questions
Problem 4SEQ: If total assets are $20,000 and total liabilities are $12,000, the amount of stockholders’ equity...
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If a company has $17,000 in liabilities and $2,500 in equity, then what is the amount of its assets?

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