Valor corporation holds cash of $ 5,000 and owes $ 26,000 on accounts payable. valor has accounts receivable of $ 38,000 comma inventory of $ 28,000, and land that cost $ 65,000. how much are valor's total assets and liabilities?

Total assets = $136,000

Total liabilities = $30,000

Explanation:

Total assets: It includes all types of assets whether it is current or long term assets or intangible assets.

Total liabilities:  It include all types of liabilities whether it is current or long term liabilities

The computation of the total assets is shown below:

= Cash + accounts receivable + inventory + land

= $5,000 + $38,000 + $28,000 + $65,000

= $136,000

The computation of the total liabilities is shown below:

= Accounts payable

= $26,000

whats the

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

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