Multiple Choice
If the total assets of a business are $107,000 and its liabilities are $75,000,which of the following statements is correct?
A) The current assets are worth $32,000.
B) The owners' equity is $32,000.
C) The net income for the period is $32,000.
D) The owners' equity equals $182,000.
Correct Answer:
Verified
Correct Answer:
Verified
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