The total assets of skysong Company are

* 183,000 and its Stockholders' equity is 887,000

what is the amount of its total liabilities?

Liabilities = 96,000

Step-by-step explanation:

Use the fundamental accounting equation

Assets = Liabilities + Equity

Substitute the information you are given

183,000 = Liabilities + 887,000

Isolate "Liabilities". Subtract 887,000 on both sides.

183,000 - 887,000 = Liabilities + 887,000 - 887,000

-704000 = Liabilities

This problem is impossible if the equity is 887,000 with 183,000 being the assets. The liabilities will be a negative number.

If the equity = 87,000, following the same steps:

Assets = Liabilities + Equity

183,000 = Liabilities + 87,000

183,000 - 87,000 = Liabilities + 87,000 - 87,000

96,000 = Liabilities

Liabilities = 96,000

Therefore, the total liabilities amount to $96,000.