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

    Jun 13, 2008, 06:55 PM
    Total Assets
    If the owners is 150,000 and the total liabilities is 90,000 what would be the total assests?
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Jun 13, 2008, 11:21 PM
    This is based on your accounting equation:

    Assets = Liabilities + Equity

    And you really, really need to memorize this equation.
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