Total liabilities can be calculated by subtracting total equity from total assets.
Total liabilities = Total assets - Total equity
Total liabilities = $400,000 - $350,000
Total liabilities = $50,000
Therefore, the total liabilities of the company are $50,000.
a company's balance sheet has total assets of $400,000 and total equity of $350,000. what are the total liabilities?
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