If Total Liabilities Are $3,000 and Total Assets Are $10,000

question 66

Multiple Choice

If total liabilities are $3,000 and total assets are $10,000, owner's equity must be

• A) $7,000.
• B) $3,000.
• C) $10,000.
• D) $13,000.

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Definitions:

Communication Purpose

The reason or intent behind conveying a message or information to someone else.

Providing Insight

Offering deeper understanding or analysis that sheds light on a subject.

Leadership Process

A series of actions or steps taken to guide and direct a group towards achieving a common goal.

Communication Issues

Challenges or problems encountered in the exchange of information between individuals or groups.