If Equity Is $300,000 and Liabilities Are $192,000, Then Assets

question 81

Multiple Choice

If equity is $300,000 and liabilities are $192,000, then assets equal:

• A) $108,000.
• B) $192,000.
• C) $300,000.
• D) $492,000.
• E) $792,000.

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Definitions:

Political Organization

is the way in which a society structures its political institutions and processes, governing the distribution of power and decision-making.

Most Stable

Refers to the state of being resistant to change or capable of maintaining equilibrium in the face of external forces.

Sanctions

Measures taken by one or more countries against another to force compliance with international laws or norms, typically involving trade restrictions or economic penalties.

Social Institutions

Established patterns of behavior and organization in societies, including family, education, religion, and government, which structure individual and group interactions.