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  • Nov 24, 2007, 03:30 PM
    bennie39
    What does assets equal
    11000 liability 14000 capital stock and 32000 retained earnings what is the Asset amount
  • Nov 25, 2007, 10:22 AM
    qcmar24
    Quote:
    Originally Posted by bennie39
    11000 liability 14000 capital stock and 32000 retained earnings what is the Asset amount
    remember your assets should equal the total of your liabilities plus your equity.
    then:
    $11,000 liability + $14,000 capital stock + $32,000 retained earnings = $57,000 assets
    --------------------------------------------------------
    Equity
    I hope this could help you.

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