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|$34,000|notes|$31,000|\n|inventory|$23,000|wages|$42,000|\n|property|$98,000|\n||owners equity|\n||stock|$45,000|\n||investment|$37,000|\nassets = $?

using the balance sheet, calculate xyz companys assets.\nxyz company - balance sheet\n|assets|liabilities|\n|--|--|\n|cash|$34,000|notes|$31,000|\n|inventory|$23,000|wages|$42,000|\n|property|$98,000|\n||owners equity|\n||stock|$45,000|\n||investment|$37,000|\nassets = $?

Answer

Explanation:

Step1: Identify asset - types

Add up cash, inventory and property.

Step2: Calculate asset total

$34000 + 23000+98000$ $= 155000$

Answer:

$155000$