If Assets Are $99,000 and Liabilities Are $32,000, Then Equity

question 20

Multiple Choice

If assets are $99,000 and liabilities are $32,000, then equity equals:

• A) $32,000.
• B) $67,000.
• C) $99,000.
• D) $131,000.
• E) $198,000.

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Definitions:

Balance Beam

A gymnastics apparatus used especially by women gymnasts, consisting of a narrow beam on which athletes perform exercises requiring balance.

Spring Scale

A device used to measure weight or force by the elasticity of a spring.

Body Mass Index

A measure of body fat that is the ratio of the weight of the body in kilograms to the square of its height in meters.

Rectally

Pertaining to or administered through the rectum, often used for medications when oral intake is not possible or advised.