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Homework answers / question archive / On June 1st, a firm's balance sheet shows assets of $6,400,000 and owners' equity of $2,000,000

On June 1st, a firm's balance sheet shows assets of $6,400,000 and owners' equity of $2,000,000

Accounting

On June 1st, a firm's balance sheet shows assets of $6,400,000 and owners' equity of $2,000,000. What is the amount of the firm's liabilities?

A) $2,400,000

B) $4,400,000

C) $6,400,000

D) $8,400,000

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