Fundamental Accounting Equation Video Lessons

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Problem: If total assets are $350,000 and owners' equity is $250,000, then total liabilities must be: a. $100,000 b. $250,000 c. $350,000 d. $600,000

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Problem Details

If total assets are $350,000 and owners' equity is $250,000, then total liabilities must be:

a. $100,000

b. $250,000

c. $350,000

d. $600,000

Frequently Asked Questions

What scientific concept do you need to know in order to solve this problem?

Our tutors have indicated that to solve this problem you will need to apply the Fundamental Accounting Equation concept. You can view video lessons to learn Fundamental Accounting Equation. Or if you need more Fundamental Accounting Equation practice, you can also practice Fundamental Accounting Equation practice problems.

What is the difficulty of this problem?

Our tutors rated the difficulty ofIf total assets are $350,000 and owners' equity is $250,000,...as low difficulty.

What professor is this problem relevant for?

Based on our data, we think this problem is relevant for Professor Staff's class at UCD.