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How do you calculate your TOTAL liabilities to be
used on your financial statement?
multiply current liabilities by non-current liabilities then subtract total
assets
add non-current liabilities, subtract current liabilities, then use a multiplier
equal to your age
add non-current liabilities and current liabilities together
add current liabilities and non-current liabilities together then divide by 12



Answer :

GinnyAnswer
To calculate the total liabilities to be used on your financial statement, follow these steps:

1. Identify the amount of your current liabilities.
2. Identify the amount of your non-current liabilities.
3. Add the amount of your current liabilities to the amount of your non-current liabilities.

The formula is:

[tex]\[ \text{Total Liabilities} = \text{Current Liabilities} + \text{Non-Current Liabilities} \][/tex]

This method requires a simple summation of both types of liabilities to obtain the total liabilities for your financial statement.

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