Determine the Missing Amount for Each of the Following

question 57

Essay

Determine the missing amount for each of the following. $\begin{array}{rrrr}& \underline{\text { Assets }}&=\underline{\text { Liabilities }}+& \underline{\text { Owner's Equity }}\\1 . & (a) & \$ 55,000 & \$ 95,000 \\2 . & \$ 125,000 & (\mathrm{~b}) & \$ 85,000 \\3 . & \$ 160,000 & \$ 65,000 & (\mathrm{c})\end{array}$

---

Definitions:

Activist Organizations

Activist organizations are groups that advocate for social, political, environmental, or other changes, often engaging in various forms of public demonstrations and lobbying.

Virtual Offices

Virtual offices provide businesses with an address and office-related services without the overhead of a long lease and administrative staff, offering a blend of remote work and physical office presence.

Selective Benefits

Advantages or perks provided by an organization or a policy that are available only to its members or a specific group of people.

Free-Rider Problem

A situation in which individuals receive benefits from a public good without contributing to its cost, leading to underprovision of those goods.