If Liabilities Total $70,000 and Stockholders' Equity Totals $50,000,then Total

question 26

Multiple Choice

If liabilities total $70,000 and stockholders' equity totals $50,000,then total assets must be:

• A)$20,000.
• B)$80,000
• C)$120,000.
• D)$30,000
• E)$30,000.