The Total Liabilities of Hogan's Company on the Balance Sheet

question 78

Multiple Choice

The total liabilities of Hogan's Company on the balance sheet are $270,000;this amount is equal to three-fourths of the total assets.What is the amount of owners' equity?

• A)$202,500.
• B)$ 90,000.
• C)$360,000.
• D)$630,000.

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