Which of the Following Statements Is TRUE

Multiple Choice

Which of the following statements is TRUE?

A) If the liabilities owed by a business total $650 000, then the assets also total $650 000.
B) If the assets owned by a business total $500 000, then shareholders' equity also totals $500 000.
C) If the assets owned by a business total $190 000 and liabilities total $50 000, then shareholders' equity totals $140 000.
D) If the assets owned by a business total $90 000 and liabilities total $50 000, then shareholders' equity totals $140 000.