ARFB113 - Pop Quiz 3

Assets = Liabilities + Equity

• Correct

• Incorrect

Liabilities + Assets = Equity

• Correct

• Incorrect

Assets - Liabilities = Equity

• Correct

• Incorrect

Assets = Equity + Liabilities

• Correct

• Incorrect

Assets = Liabilities - Equity

• Correct

• Incorrect

Equity - Assets = Liabilities

• Correct

• Incorrect

The assets of Some Company are RM250,000 and the total equity is RM95,000. What is the amount of total liabilities?

• RM155,000.00

• RM250,000 .00

• RM95,000.00

• RM345,000.000

The liabilities of Some Company are RM45,000 and the total equity is RM21,000. What is the amount of Some Company's total assets?

The total assets of Some Company are RM1,345,000 and its liabilities are equal to one half the assets. What is the amount of total equity?