nicolmarroquin29 nicolmarroquin29

25-01-2021
Business

contestada

The liabilities of Berber Company are $120,000 and the owner's equity is $230,000. What is the amount of Berber Company's total assets?

Respuesta :

Samawati Samawati

26-01-2021

Answer:

$350,000

Explanation:

As per the accounting equation, Assets = Liabilities plus Equity

For Berber company,

Assets = $120,000 + $230,000

Assets = $350,000

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