If equity is $300,000 and liabilities are $192,000,then assets equal:

A) $108,000.
B) $192,000.
C) $300,000.
D) $492,000.
E) $792,000.

Question

If equity is $300,000 and liabilities are $192,000,then assets equal:A) $108,000.B) $192,000.C) $300,000.D) $492,000.E) $792,000.

Chris Saadalla · Accepted Answer

Final Answer : D, Explanation :  The equation for the accounting equation is Assets = Liabilities + Equity.Given:Equity = $300,000Liabilities = $192,000To find Assets, we can rearrange the equation as:Assets = Equity + LiabilitiesAssets = $300,000 + $192,000Assets = $492,000Therefore, the correct answer is D) $492,000.

If equity is $300,000 and liabilities are $192,000,then assets equal:

A) $108,000.
B) $192,000.
C) $300,000.
D) $492,000.
E) $792,000.

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