The Owner's Equity of Leyla's Company Is Equal to One-Quarter

question 20

Multiple Choice

The Owner's Equity of Leyla's Company is equal to one-quarter of the total assets. Liabilities equal $30,000. What is the amount of Owner's Equity?

• A) $40,000
• B) $10,000
• C) $30,000
• D) None of these answers are correct.

---

Definitions:

Document

A written, drawn, presented, or memorialized representation of thought, often used to record information or evidence.

Visual Symbolism

The connotative (as opposed to the denotative, or literal) meaning of visuals.

Shapes

The external form or appearance characteristic of someone or something; the outline or contour of an object.

Colors

Visual properties perceived by people, typically resulting from the light they emit or reflect, and are used in design to convey emotions or messages.