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

question 142

Multiple Choice

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

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

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Definitions:

Corporate Giant

A large, typically multinational company with a significant impact on the industry and economy.

Strategic Planning

The process of defining an organization's strategy or direction and making decisions on allocating its resources to pursue this strategy, including its capital and people.

Developing Objectives

The process of establishing specific, measurable, achievable, relevant, and time-bound goals that an organization aims to reach.

Consumer Confidence

A measure of how optimistic or pessimistic consumers are about the overall state of the economy and their personal financial situation.