If an Entity Has Assets of $168 900 and Liabilities

question 34

Multiple Choice

If an entity has assets of $168 900 and liabilities of $70 000 its equity is:

• A) $238 900.
• B) $28 900.
• C) $98 900.
• D) unable to be calculated.

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Definitions:

Agenda

A calendar, containing both specific and vague items, that covers short-term goals and long-term objectives.

Objective Procedures

Processes or protocols that are based on factual and unbiased criteria, ensuring fairness and consistency in application.