If the Assets Owned by a Business Total $70,000 and Liabilities

question 109

True/False

If the assets owned by a business total $70,000 and liabilities total $30,000,then owner's equity totals $100,000.

---

Definitions:

Latency

The delay before a transfer of data begins following an instruction for its transfer; it is often used to describe delays in network communication.

L1 Cache

The first level of cache memory in a computer, closest to the processor, designed to supply the processor with the most frequently requested data and instructions.

Registers

Special memory storage areas built into the CPU, which are the most expensive, fastest memory in your computer.

Graphics Memory

Dedicated memory used by computer graphics systems to store images, textures, and other graphical data for rendering.