Calvin's Calendar Company Has Assets of $75,000 and Liabilities of $15,000.How

question 73

Multiple Choice

Calvin's Calendar Company has assets of $75,000 and liabilities of $15,000.How much is Calvin's owner equity?

• A)$90,000
• B)20%
• C)$60,000
• D)80%

---

Definitions:

Net Cash

The amount of cash available after accounting for all cash inflows and outflows.

Operating Activities

The day-to-day actions of a business that relate to its core operations, including production, sales, and other functions that generate revenue.

Net Cash

Cash balance post the deducting of cash disbursements from cash receipts.

Investing Activities

Transactions involving the purchase or sale of long-term assets and other investments not included in cash equivalents.