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CFA Level 1
Financial Reporting and Analysis

Total Liabilities on a Balance Sheet

Medium Financial Statements Balance Sheet

Consider a company's balance sheet as of December 31, 2023. The company reports the following items:

  • Cash: $50,000
  • Accounts Receivable: $30,000
  • Inventory: $20,000
  • Property, Plant, and Equipment: $200,000
  • Notes Payable: $40,000
  • Accounts Payable: $60,000
  • Common Stock: $100,000

Using this information, what is the total amount of liabilities reported on the balance sheet?

Hint

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