Multiple Choice
If a company has $50,000 of assets, which of the following could be true?
A) It has ―$50,000 in stockholders' equity and $100,000 in liabilities.
B) The company has fewer assets than it does liabilities.
C) It has $30,000 in liabilities and $80,000 in owners' equity.
D) The company has more owners' equity than assets.
E) It has $23,000 in owners' equity and $27,000 in liabilities.
Correct Answer:

Verified
Correct Answer:
Verified
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