Multiple Choice
If Total Assets are $68,000 and Total Capital is $30,000, Liabilities must equal:
A) $38,000.
B) $30,000.
C) $98,000.
D) $68,000.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q41: The financial statement that shows business results
Q42: Which accounts are affected when the company
Q43: A sole proprietorship ends with the death
Q44: Pat purchased $8,000 of new electronic equipment
Q45: Accounting provides information to:<br>A) investors.<br>B) government.<br>C) managers.<br>D)
Q47: The statement of Owner's Equity shows the
Q48: The basic accounting equation is:<br>A) Assets =
Q49: The three elements that make up a
Q50: A business received $10,000 from a customer
Q51: The income statement is completed before the