The total assets must be 77000 if total liabilities are 44000 and owners equity is 33000.
According to the given question.
Total liabilities = 44,000
And, equity = 33,000
Since, from the accounting equation we know that
Total assets = Liability + Equity
Therefore, the total assets
= 44000 + 33000
= 77000
Hence, the total assets must be 77000 if total liabilities are 44000 and owners equity is 33000.
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