Midyear on July 31st, the Chester Corporation\'s balance sheet reported: Total L

Question

Midyear on July 31st, the Chester Corporation's balance sheet reported:

Total Liabilities of $77.212 million
Total Common Stock of $3.810 million
Cash of $6.030 million
Retained Earnings of $27.976 million.

What were the Chester Corporation's total assets? Select: 1 $55.266 million $51.456 million $108.998 million $102.968 million Midyear on July 31st, the Chester Corporation's balance sheet reported:

Total Liabilities of $77.212 million
Total Common Stock of $3.810 million
Cash of $6.030 million
Retained Earnings of $27.976 million.

What were the Chester Corporation's total assets? Select: 1 $55.266 million $51.456 million $108.998 million $102.968 million

Explanation / Answer

Total Assets = Liabilities + Equity (Common stock + Retained Earnings)

                   = $77.212 + $3.810 +$27.976

                   = $108.998

Related Questions

Navigate

• Browse (All)
• Browse M
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.