Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN: 9781337690881
Author: Jay Rich, Jeff Jones
Publisher: Cengage Learning
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What are the total assets on these general accounting question?

The equity of Horizon Enterprises is $150,000, and
the total liabilities are $25,000. What are the total
assets?
a. $200,000
b. $125,000
c. $175,000
d. $250,000
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Transcribed Image Text:The equity of Horizon Enterprises is $150,000, and the total liabilities are $25,000. What are the total assets? a. $200,000 b. $125,000 c. $175,000 d. $250,000
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