Fundamental Accounting Equation Video Lessons

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Problem: If owner's equity is $150,000 and total liabilities are $90,000, then total assets would be: a. $60,000 b. $240,000 c. $225,000 d. $135,000

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Problem Details

If owner's equity is $150,000 and total liabilities are $90,000, then total assets would be:

a. $60,000

b. $240,000

c. $225,000

d. $135,000

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.

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Our tutors rated the difficulty ofIf owner's equity is $150,000 and total liabilities are $90,...as low difficulty.

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