If assets are 80000 and stockholders equity is 20000 how muc

If assets are $80,000 and stockholders’ equity is $20,000, how much are liabilities?

$60,000

$80,000

$20,000

$60,000

$10,000

Solution

Totak assets=Total equity+Total liabilities

Hence

Total liabilities=($80,000-$20,000)

=$60,000