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    Business
  3. Study Set
    Accounting Business Reporting
  4. Exam
    Exam 4: Business Transactions
  5. Question
    If Assets Are $100 000,opening Equity Is $50 000,liabilities Are
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If Assets Are $100 000,opening Equity Is $50 000,liabilities Are

Question 3

Question 3

Multiple Choice

If assets are $100 000,opening equity is $50 000,liabilities are $20 000 and income is $85 000,expenses must be:


A) $30 000
B) $45 000
C) $50 000
D) $55 000

Correct Answer:

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