The Resources Owned by David's Spa and Salon Total $148,000

question 17

Multiple Choice

The resources owned by David's Spa and Salon total $148,000. The total amount of debt that it owes to others is $87,000. Which of the following describes David's Spa and Salon?

• A) owners' equity is $61,000
• B) liabilities are $148,000
• C) liabilities are $61,000
• D) owners' equity is $235,000

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Definitions:

Taste Preferences

Individual differences in the liking or disliking of specific flavors and foods, often influenced by genetic, cultural, and environmental factors.

Psychological

Pertaining to the mind or mental processes and how they affect behavior and well-being.

Stress

A physical or psychological response to internal or external pressures, which can affect mental and physical health.

Food Behavior

The patterns and habits related to how individuals consume, purchase, and approach food.