using the balance sheet, calculate xyz companys assets. xyz company - balance sheet assets liabilities cash…

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

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

Answer

Explanation:

Step1: Identify asset - types

Add up cash, inventory and property values.

Step2: Calculate asset total

$34000 + 23000+98000$

Answer:

$155000$