Multiple Choice
When reviewing the Balance Sheet for Preferred Pet Care,Inc. ,a mobile small animal care business,Julian noted the following information: Company assets totaling $3.5 million,and liabilities totaling $1.3 million.On paper,the net worth owner's equity) for this business = ____________.
A) $2.2 million.
B) $4.8 million.
C) $3.5 million.
D) $0.2 million.
Correct Answer:
Verified
Correct Answer:
Verified
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