If the liabilities of the Barrel Corporation equal $275,000, the retained earnings are $150,000, and capital...

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Question

If the liabilities of the Barrel Corporation equal $275,000, the retained earnings are $150,000, and capital...

If the liabilities of the Barrel Corporation equal $275,000, the retained earnings are $150,000, and capital stock equals $92,500, the company’s assets are:

Select one:

A. $467,500

B. $257,500

C. $282,500

D. $517,500

business accounting

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Answer 1

Answer #1

Assets = Liabilities + Stockholder's Equity

= 275,000 + 150,000 + 92,500

= 517,500

Option D is the answer

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Answer 2

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