Multiple Choice
The balance sheet of Ranger Inc.shows its liabilities and owners' equity as $150,000 and $75,000, respectively. In this case, Ranger's _____.
A) total assets are $225,000
B) total income is $75,000
C) net income for the current year is $225,000
D) net cash flow for the current year is $75,000
Correct Answer:
Verified
Correct Answer:
Verified
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