If Total Assets Are $30,000 and Total Liabilities Are $8,000

question 64

Multiple Choice

If total assets are $30,000 and total liabilities are $8,000, Capital must equal

• A) $22,000.
• B) $38,000.
• C) $8,000.
• D) $30,000.

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Definitions:

Joint Venture

A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task or project.