As of December 31, 2009, Sievers Company Has Assets of $35,000

question 203

Multiple Choice

As of December 31, 2009, Sievers Company has assets of $35,000 and owner's equity of $20,000. What are the liabilities for Sievers Company as of December 31, 2009?

• A) $15,000
• B) $10,000
• C) $25,000
• D) $20,000

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Definitions:

Disease Risk

The probability of an individual developing a health disorder over a certain period.

Competitive Sports

Athletic activities or games that involve rivals or teams striving against each other to win or achieve a better outcome.

Adaptive Responses

Reactions by an organism that help maintain homeostasis or adjust to new environmental conditions.

Realistic Appraisals

The practice of making judgments that accurately reflect the true and actual value or potential of an individual or situation.