Homework Answers
Solution:
- Option A is the correct answer . The total assets are $ 4,73,000.
Explanation:
In the given information the following are the assets :
Building - $ 1,90,000
Cash - $ 88,000
Land - $ 1,60,000
Equipment - $ 35,000
Therefore ,
The following table shows total assets:
| Particular | Amount | Amount |
| Total assets |
=Buildings + Cash + Land + Equipment =$ 1,90,000+$ 88,000+$ 1,60,000+ $ 35,000 =$ 4,73,000 |
$ 4,73,000 |
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