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How total assets calculated?

In: Business Accounting and Bookkeeping, Payroll Services, Financial Statements [Edit categories]

Answer:

The total assets (balance) equal the sources of funding for resources; liabilities (external borrowings) and equity (owners' contributions and earnings from firm operations).

First answer by Enc of Biz and Finance. Last edit by Enc of Biz and Finance. Contributor trust: 24 [recommend contributor ]. Question popularity: 1 [recommend question].

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