If Assets Are $99,000 and Liabilities Are $32,000, Then Equity

question 20

Multiple Choice

If assets are $99,000 and liabilities are $32,000, then equity equals:

• A) $32,000.
• B) $67,000.
• C) $99,000.
• D) $131,000.
• E) $198,000.

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Definitions:

Psychotic Disorder

A mental health condition characterized by a disconnection from reality, which might include hallucinations, delusions, and impaired thought processes.

Schizophrenia

A long-term mental disorder involving a breakdown in the relation between thought, emotion, and behavior, leading to faulty perception and inappropriate actions and feelings.

Dissociative Disorders

A group of mental disorders characterized by a disconnection between thoughts, identity, consciousness, and memory.

Disconnected

The state of being isolated or detached from others or from the surrounding environment, leading to feelings of disengagement or alienation.