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    bennie39's Avatar
    bennie39 Posts: 1, Reputation: 1
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    #1

    Nov 24, 2007, 03:30 PM
    What does assets equal
    11000 liability 14000 capital stock and 32000 retained earnings what is the Asset amount
    qcmar24's Avatar
    qcmar24 Posts: 65, Reputation: 3
    Junior Member
    		  
    #2

    Nov 25, 2007, 10:22 AM
    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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