Finance question

Question

Use the information below for the Greek Corporation to answer the following questions.
Balance Sheet Accounts of Greek Corporation
Account
Balance 12/31/2014
Accumulated depreciation
$3,060
Accounts payable
$2,750
Accounts receivable
$3,200
Cash
$1,500
Common stock
$6,250
Inventory
$4,500
Longminus−Term debt
$7,100
Plant, property, and equipment
$14,800
Retained earnings
$4,840
Refer to the Balance Sheet Accounts of Greek Corporation. The value of total assets for the yearminus−end is ________.

Answer 1

Just add up all the assets less accumulated depreciation.

 

$20,940

 

The equities also equal $2,940 because a balance sheet balances.