Multiple Choice
If the liabilities of a business are $85,000 and the owners' equity is $110,000, which of the following is a true statement?
A) Assets equal $25,000.
B) Assets equal $195,000.
C) Assets equal $110,000.
D) Assets equal $85,000.
E) It is impossible to determine the value of the assets.
Correct Answer:
Verified
Correct Answer:
Verified
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