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The Assets of a Company Total $700,000; the Liabilities, $200,000

Question 49

Multiple Choice

The assets of a company total $700,000; the liabilities, $200,000. What are the net assets?

A) $500,000.
B) $900,000.
C) $200,000.
D) It is impossible to determine unless the amount of this owners' investment is known.
E) $700,000.

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