Thank you for visiting Anthony s net worth is 125 000 and he has 57 000 in liabilities What are his total assets A 68 000 B 82 000. This page is designed to guide you through key points and clear explanations related to the topic at hand. We aim to make your learning experience smooth, insightful, and informative. Dive in and discover the answers you're looking for!
Answer :
Final answer:
Using the basic accounting equation, Anthony's total assets are found by adding his net worth ($125,000) to his liabilities ($57,000), giving a total of $182,000.
Explanation:
To determine Anthony's total assets, we can use the basic accounting equation which states that Assets = Liabilities + Net Worth. Anthony's net worth is given as $125,000, and his liabilities are $57,000. We can rearrange the equation to solve for assets: Assets = Net Worth + Liabilities, which means Assets = $125,000 + $57,000 = $182,000.
Therefore, Anthony's total assets are $182,000, which corresponds to option d) $182,000.
Thank you for reading the article Anthony s net worth is 125 000 and he has 57 000 in liabilities What are his total assets A 68 000 B 82 000. We hope the information provided is useful and helps you understand this topic better. Feel free to explore more helpful content on our website!
- You are operating a recreational vessel less than 39 4 feet long on federally controlled waters Which of the following is a legal sound device
- Which step should a food worker complete to prevent cross contact when preparing and serving an allergen free meal A Clean and sanitize all surfaces
- For one month Siera calculated her hometown s average high temperature in degrees Fahrenheit She wants to convert that temperature from degrees Fahrenheit to degrees
Rewritten by : Jeany
