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Using the following information: Non Current Assets $100,000 Current Assets $100,000 Long-term Liabilities $100,000 Current Liabilities...

Using the following information:

Non Current Assets $100,000
Current Assets $100,000
Long-term Liabilities $100,000
Current Liabilities ?
Shareholder's Equity ?

none of the above

total liabilities must equal $200,000

the balance of current liabilities must be zero

shareholder's equity must be $100,000

the balance of shareholder's equity must be less than total assets

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Answer #1

As per Accounting equation, Total assets = Total liabilities + Shareholders equity Total assets = Current assets + Non-curren

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