If equity is $304,000 and liabilities are $196,000, then assets equal:

MC Qu. 96 If equity is...

If equity is $304,000 and liabilities are $196,000, then assets equal:

	$804,000
	$304,000
	$500,000
	$196,000
	$108,000

Assets = Liabilities + Equity

= $196,000 + $ 304,000

= $500,000