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Sam Invests $5,000 of His Own Money in His New

Question 103

Multiple Choice

Sam invests $5,000 of his own money in his new auto detailing business.He then obtains a loan and builds a small workshop in his backyard for $10,000.At this point assets are ____,liabilities are ____,and owners' equity is ____.


A) $10,000;$5,000;$15,000
B) $15,000;$10,000;$5,000
C) $5,000;$0;$5,000
D) $15,000;$10,000;$0
E) $10,000;$5,000;$5,000

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