If total assets amount is N$150 000; and owner's equity/capital is three quarter (%) of total assets, what is theamount of total liabilities?Answer:

Formula: Assets = Liabilities + Capital Liabilities = Assets – Capital

Answered: If total assets amount is N$150 000;…

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 total assets amount is N$150 000; and owner's equity/capital is three quarter (¾) of total assets, what is the amount of total liabilities? Answer: