Sawaddee Enterprises Began the Year with Total Assets of $450,000

question 42

Multiple Choice

Sawaddee Enterprises began the year with total assets of $450,000 and total liabilities of $230,000.If Sawaddee's total assets doubled to $900,000 and its owners' equity remained the same during the year, what was the amount of its total liabilities at the end of the year?

• A)$670,000
• B)$680,000
• C)$440,000
• D)$900,000

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Recognize the importance of using formal language in research papers.

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