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A company's balance sheet shows: cash $39,000, accounts receivable $45,000, equipment $80,000, and equity $87,000. What is the amount of liabilities?A. $83,000.B. $251,000.C. $77,000.D. $151,000.E. $164,000.

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abiolataiwo2015

Answer:

C. $77,000

Explanation:

Calculation for the amount of liabilities

Using this formula

Amount of liabilities=(Cash+Account receivable +Equipment) -Equity

Let plug in the formula

Amount of liabilities=($39,000+$45,000+$80,000)-$87,000

Amount of liabilities=$164,000-$87,000

Amount of liabilities=$77,000

Therefore the Amount of liabilities will be $77,000

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