using the balance sheet, calculate xyz companys assets.\nxyz company - balance sheet\n|assets|liabilities|\n|…

using the balance sheet, calculate xyz companys assets.\nxyz company - balance sheet\n|assets|liabilities|\n|--|--|--|\n|cash|$43,000|notes|$45,000|\n|inventory|$46,000|wages|$32,000|\n|property|$103,000|\n||owners equity|\n||stock|$67,000|\n||investment|$48,000|\nassets = $?

using the balance sheet, calculate xyz companys assets.\nxyz company - balance sheet\n|assets|liabilities|\n|--|--|--|\n|cash|$43,000|notes|$45,000|\n|inventory|$46,000|wages|$32,000|\n|property|$103,000|\n||owners equity|\n||stock|$67,000|\n||investment|$48,000|\nassets = $?

Answer

Explanation:

Step1: Identify asset - types

Add up cash, inventory and property.

Step2: Calculate asset total

$43000 + 46000+103000$ $= 192000$

Answer:

$192000$