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    HopeWhite's Avatar
    HopeWhite Posts: 1, Reputation: 1
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    #1

    Dec 9, 2007, 12:17 AM
    Noncurrent assets
    I have a question about noncurrent assets. How do you figure that out if current assets equal $25,000 liablilities equal $40,000 and owners equity equals $55,000 what is thenoncurrent asset?
    Some help would be greatly appreciated
    Thank you
    Hope
    Gator1087's Avatar
    Gator1087 Posts: 17, Reputation: 3
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    #2

    Dec 9, 2007, 12:37 AM
    Quote Originally Posted by HopeWhite
    I have a question about noncurrent assets. How do you figure that out if current assets equal $25,000 liablilities equal $40,000 and owners equity equals $55,000 what is thenoncurrent asset?
    Total Assets = Owner's Equity + Liabilities
    (25,000+ non current assets)= 55,000 + 40,000
    non current assets= 70,000
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