Acompany's balance sheet shows: cash $26,000, accounts receivable $32,000, equipment $54,000, and equity $74,000. what is the amount of liabilities?

$38,000

Explanation:

Given that,

Company's balance sheet shows that,

Cash = $26,000

Accounts receivable = $32,000

Equipment = $54,000

Equity = $74,000

Liabilities = Cash + Accounts receivable + Equipment - Equity

                = $26,000 + $32,000 + $54,000 - $74,000

                = $38,000

Therefore, the amount of liabilities is $38,000.

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