For 2008, Parker Inc. reported total liabilities of $720,000, current assets of
$235,000, and total shareholders’ equity of $1,250,000. What are Parker Inc.’s
total assets?
A)$1,735,000
B)$1,820,000
C)$1,970,000
D)$2,205,000
Please explain, thanks!
Total assets = Total liabilities + Total shareholders equity
= $720000 + 1250000
= $1970000
Option C. is correct answer.
For 2008, Parker Inc. reported total liabilities of $720,000, current assets of $235,000, and total shareholders’...
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