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Answer :
To find the total liabilities of the company, we can use the basic accounting equation:
[tex]\[ \text{Assets} = \text{Liabilities} + \text{Shareholder's Equity} \][/tex]
In this problem, the company has [tex]\( \$530,000 \)[/tex] in assets and [tex]\( \$170,000 \)[/tex] in shareholder's equity. To find the liabilities, we rearrange the formula to solve for liabilities:
[tex]\[ \text{Liabilities} = \text{Assets} - \text{Shareholder's Equity} \][/tex]
Now, substitute the given values into the equation:
[tex]\[ \text{Liabilities} = \$530,000 - \$170,000 \][/tex]
After performing the subtraction, we find:
[tex]\[ \text{Liabilities} = \$360,000 \][/tex]
Therefore, the total of the company's liabilities is [tex]\( \$360,000 \)[/tex]. The correct option is C.
[tex]\[ \text{Assets} = \text{Liabilities} + \text{Shareholder's Equity} \][/tex]
In this problem, the company has [tex]\( \$530,000 \)[/tex] in assets and [tex]\( \$170,000 \)[/tex] in shareholder's equity. To find the liabilities, we rearrange the formula to solve for liabilities:
[tex]\[ \text{Liabilities} = \text{Assets} - \text{Shareholder's Equity} \][/tex]
Now, substitute the given values into the equation:
[tex]\[ \text{Liabilities} = \$530,000 - \$170,000 \][/tex]
After performing the subtraction, we find:
[tex]\[ \text{Liabilities} = \$360,000 \][/tex]
Therefore, the total of the company's liabilities is [tex]\( \$360,000 \)[/tex]. The correct option is C.
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