If a company's assets total $192,000 and owner's equity is $110,000, what must its liabilities equal?

To determine the amount of liabilities for the company, we can use the accounting equation, which states that Assets = Liabilities + Owner's Equity. In this case, you start with the total assets and subtract the owner's equity to find the liabilities.

Given that the total assets amount to $192,000 and the owner's equity is $110,000, we can set up the equation as follows:

Liabilities = Assets - Owner's Equity
Liabilities = $192,000 - $110,000
Liabilities = $82,000

Thus, liabilities must equal $82,000. This calculation demonstrates how the accounting equation helps maintain the balance in a company's financial statements, ensuring that all components—assets, liabilities, and owner's equity—interact correctly to reflect the company's financial health.