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    Fundamental Accounting Principles Study Set 6
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    Exam 1: Accounting in Business
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    The Assets of a Company Total $700,000;the Liabilities,$200,000
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The Assets of a Company Total $700,000;the Liabilities,$200,000

Question 144

Question 144

Multiple Choice

The assets of a company total $700,000;the liabilities,$200,000.What are the net assets?


A) $900,000.
B) $700,000.
C) $500,000.
D) $200,000.
E) It is impossible to determine unless the amount of this owners' investment is known.

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