If Assets Are $34,800 and Equity Is $12,700, Liabilities Are

question 55

Multiple Choice

If assets are $34,800 and equity is $12,700, liabilities are:

• A) $22,900
• B) $22,100
• C) $47,500
• D) $47,000

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Definitions:

Endorser

A person who signs the back of a negotiable instrument, such as a check, thereby transferring ownership or guaranteeing its payment.

Endorsement

Official approval or support of an idea, product, or entity, often documented or publicized.

Interpersonal Barrier

Obstacles to effective communication and interaction between individuals, often rooted in misunderstandings, personal biases, or social norms.

Lack Of Trust

The absence of confidence or belief in the reliability, truth, ability, or strength of someone or something.