If Assets Are $99,000 and Liabilities Are $32,000, Then Equity

question 20

Multiple Choice

If assets are $99,000 and liabilities are $32,000, then equity equals:

• A) $32,000.
• B) $67,000.
• C) $99,000.
• D) $131,000.
• E) $198,000.

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Definitions:

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A severe worldwide economic downturn that took place during the 1930s, marked by high unemployment and financial instability.

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