Green Company has $10,000 of assets. Fifty percent of the assets were acquired from the issue of common stock and thirty percent were acquired from earnings. Based on this information, the dollar value of liabilities must be

Respuesta :

The dollar value of liabilities must be $2,000

What is accounting equation?

The accounting equation states that a company's total assets are equal to the sum of its liabilities and its shareholders' equity.

Assets = Liabilities + Equities

$10,000 = Liabilities + 50%

Liabilities = $2,000

Therefore, the dollar value of liabilities must be $2,000

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