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Homework answers / question archive / Wolfpack Inc has the following information available at year-end: Total Assets = $400,000 Total Stockholders' Equity = $75,000 What should be Wolfpack's total liabilities balance at year-end?

Wolfpack Inc has the following information available at year-end: Total Assets = $400,000 Total Stockholders' Equity = $75,000 What should be Wolfpack's total liabilities balance at year-end?

Accounting

Wolfpack Inc has the following information available at year-end:

Total Assets = $400,000

Total Stockholders' Equity = $75,000

What should be Wolfpack's total liabilities balance at year-end?

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Basic accounting equation is Assets = Liabilities + Owner's Equity/Capital

Given the said equation, liabilities is computed as follows:

Total assets $400,000
Less: Total Stockholders' Equity 75,000
Total liabilities $325,000

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