ACC561

Questions 1.If equity is $338,000 and liabilities are $188,000, then assets equal: $150,000. $188,000. $338,000. $526,000. $864,000. 2:If assets are $320,000 and liabilities are $193,000, then equity equals: Multiple Choice $127,000. $193,000. $320,000. $513,000. $833,000. 3.The assets of a company total $734,000; the liabilities, $217,000. What is the amount of equity? $951,000. $734,000. $517,000. $217,000. It is impossible to determine unless

20 Other / Other University of Phoenix / ACC561 18 Nov 2020