a company's balance sheet shows cash of $35,000, accounts receivable of $41,000, equipment of $72,000, and equity of $83,000. what is the amount of liabilities?

Respuesta :

$65,000  is the amount of liabilities.

Cash + Accounts Receivable + Equipment − Equity = Liabilities$35,000 + $41,000 + $72,000 − $83,000 = $65,000.

Which liabilities do you refer to?

The term "liability" can refer to both your responsibility for something as well as a debt you have to another party for goods or services. The amount of property taxes a homeowner owes to the city or the amount of income tax he must pay to the federal government are two examples of his tax obligations.

Which liabilities do not include debt?

All types of short-term and long-term responsibilities are included in liability. Read more, including accrued wages, income tax, etc. Debt does not, however, encompass all immediate and long-term commitments, such as salaries and taxes. Only debts that result from borrowing, such as bonds and bank loans, are payable.

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