Multiple Choice
According to the accountant for Virunder's Floral Supply, the firm's assets are $124,000 and its liabilities are $31,000. Which of the following statements is correct?
A) The owners' equity is $93,000.
B) The firm's current assets are $62,000.
C) The firm's current liabilities are $24,000.
D) The firm's accounting equation won't balance.
Correct Answer:
Verified
Correct Answer:
Verified
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