There Must Be a Corresponding Dollar of Financing for Every

question 4

True/False

There must be a corresponding dollar of financing for every dollar of assets. Stated another way, debt plus assets must equal total equity.

---

Definitions:

National Contingency Plan

A government strategy designed to handle major emergencies or disasters, especially those affecting the public or the environment.

Chemical Feedstocks

Raw materials used in the manufacture of chemicals, often serving as the base from which other chemicals are derived.

CERCLA Trust Fund

A fund established under the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) for cleaning up hazardous waste sites in the United States.

Tax

A compulsory financial charge or some other type of levy imposed by a governmental organization on individuals or entities to fund government spending and various public expenditures.