The Assets of a Company Total $700,000; the Liabilities, $200,000

Multiple Choice

The assets of a company total $700,000; the liabilities, $200,000. What are the net assets?

A) $900,000.
B) $700,000.
C) $500,000.
D) $200,000.
E) It is impossible to determine unless the amount of the common stock is known.