As of December 31, 2014, Sievers Company Has Assets of ₤90,000

question 215

Multiple Choice

As of December 31, 2014, Sievers Company has assets of ₤90,000 and equity of ₤40,000. What are the liabilities for Sievers Company as of December 31, 2014?

• A) ₤50,000.
• B) ₤20,000.
• C) ₤30,000.
• D) ₤40,000.

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Definitions:

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