To determine the amount of liabilities, you can use the accounting equation, which states that Assets = Liabilities + Owner's Equity.
In this scenario, the company has assets totaling $150,000 and owner's equity amounting to $60,000. To find liabilities, you rearrange the accounting equation to solve for liabilities:
Liabilities = Assets - Owner's Equity.
Substituting the known values from the question gives you:
Liabilities = $150,000 - $60,000.
By performing the calculation, you find that the remaining balance, which represents liabilities, is $90,000.
This result confirms that the correct option is the one indicating $90,000, as it accurately reflects the relationship defined by the accounting equation and provides insight into the financial position of the company.