When Reviewing the Balance Sheet for Preferred Pet Care,Inc

question 226

Multiple Choice

When reviewing the Balance Sheet for Preferred Pet Care,Inc. ,a mobile small animal care business,Julian noted the following information: Company assets totaling $3.5 million,and liabilities totaling $1.3 million.On paper,the net worth owner's equity) for this business = ____________.

• A)$2.2 million.
• B)$4.8 million.
• C)$3.5 million.
• D)$0.2 million.

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Definitions:

Carotenoid Pigments

These are organic pigments found in plants and some other photosynthetic organisms, essential for photosynthesis and protecting plants from sun damage.

Chlorophyll

A green pigment found in the chloroplasts of plants, algae, and some bacteria, which is crucial for photosynthesis as it absorbs light most efficiently and uses the energy to convert carbon dioxide and water into glucose.

Cyclic Electron Pathway

A photosynthetic process in plants and some bacteria where electrons are recycled allowing for the production of ATP without the production of NADPH or oxygen.

Photosynthetic Pigment

Molecules that absorb specific wavelengths of sunlight and use this energy to carry out photosynthesis in plants and algae.