The Assets of a Company Total $700,000; the Liabilities,$200,000

question 35

Multiple Choice

The assets of a company total $700,000; the liabilities,$200,000.What are the net assets?

• A)$900,000.
• B)$700,000.
• C)$500,000.
• D)$200,000.
• E)It is impossible to determine unless the amount of stockholder investments is known.