Multiple Choice
If assets of Martin's Pet Store are $107,000 and owners' equity is $75,000, which of the following statements is correct?
A) The current assets are worth $32,000.
B) The new income for the period is $32,000.
C) The long-term liabilities are $75,000.
D) The liabilities are $32,000.
Correct Answer:
Verified
Correct Answer:
Verified
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