Multiple Choice
If assets are $175,000 and equity is $47,000, then liabilities equal
A) $175,000.
B) $128,000.
C) $47,000.
D) $222,000.
E) $204,000.
Correct Answer:

Verified
Correct Answer:
Verified
Q64: The accounting equation is the link between
Q174: A balance sheet covers a period of
Q181: The area of accounting aimed at serving
Q183: The primary objective of financial accounting is<br>A)To
Q184: An exchange between two parties of economic
Q185: Financial information that is verifiable means that<br>A)Information
Q187: Caps Lock has liabilities of $150,000 and
Q189: Career opportunities in accounting include<br>A)Auditing.<br>B)Cost accounting.<br>C)Management consulting.<br>D)Budgeting.<br>E)All
Q190: The accounting equation can be stated as<br>A)Assets
Q191: Net income appears on which of the