If the Assets Owned by a Business Total $100,000 and Liabilities

question 81

True/False

If the assets owned by a business total $100,000 and liabilities total $52,000, shareholders' equity totals $48,000.

---

Definitions:

Short-run Problem

Temporary issues faced by businesses or economies that do not affect the long-term performance, often related to fluctuations in demand or supply.

Farm Incomes

The earnings obtained from the practice of agriculture, including the sale of crops, livestock, and other farm-related products.

U.S. Farm Products

Goods produced by the agricultural sector in the United States, including crops, livestock, and dairy products.