If Assets Are $8,000 and Liabilities Are $2,000, Owner's Equity

question 11

True/False

If assets are $8,000 and liabilities are $2,000, owner's equity is $10,000.

---

Definitions:

Scapegoating

The practice of unfairly blaming one person or group for problems or negative outcomes, often to deflect responsibility or criticisms.

Double Bind Communication

A situation in communication where an individual receives two or more conflicting messages, with one negating the other, making it difficult to appropriately respond or resolve.

Substance Abuse

The harmful or hazardous use of psychoactive substances, including alcohol and illicit drugs.

Family Therapy

A form of psychotherapy that aims to resolve family issues through family counseling sessions.