1. a company has liabilities of $23,500 and stockholders equity of $56,500. how much does the company have…

1. a company has liabilities of $23,500 and stockholders equity of $56,500. how much does the company have in assets?

1. a company has liabilities of $23,500 and stockholders equity of $56,500. how much does the company have in assets?

Answer

Explanation:

Step1: Recall accounting equation

Assets = Liabilities + Stockholders' Equity

Step2: Substitute given values

Assets = $23500 + 56500$

Step3: Calculate result

Assets = $80000$

Answer:

$80000$