If Liabilities Have a Balance of $10,000 and Stockholders' Equity

question 7

Multiple Choice

If liabilities have a balance of $10,000 and stockholders' equity has a balance of $60,000, then assets must have a balance of:

• A) $50,000.
• B) $60,000.
• C) $70,000.
• D) $10,000.

---

Definitions:

Hippocampus

A structure within the brain critical for the formation of new memories and associated with learning and emotions.

Basal Ganglia

A group of nuclei in the brain involved in controlling movement and coordination, as well as playing a role in learning, emotional response, and habit formation.

Cerebellum

A region of the brain that plays a vital role in motor control, and may also be involved in some cognitive functions like attention and language.

Temporal Lobe

A region of the brain responsible for processing auditory information and is involved in speech, memory, and emotions.