Multiple Choice
Lottadoe's liabilities are $130 000,and its owners' equity is $170 000.Which of the following is true about Lottadoe?
A) Its total assets are $300 000.
B) Its net income for the current year was $300 000.
C) Its net cash flow for the current year was $40 000.
D) Its net income is $40 000.
Correct Answer:
Verified
Correct Answer:
Verified
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