If the Assets Owned by a Business Total $150,000 and Liabilities

question 77

True/False

If the assets owned by a business total $150,000 and liabilities total $105,000, then stockholders' equity totals $45,000.

---

Definitions:

Anticommunist Groups

Organizations that oppose communism and its spread, often advocating for capitalist or democratic principles as alternatives.

Communist Party Leaders

Individuals at the top of the Communist Party hierarchy, responsible for setting policies and guiding the direction of the party in a country.

Loyalty Oaths

Formal pledges of allegiance to a government or leader, often required of government employees, teachers, and others during times of national crisis.

Harry Truman

The 33rd President of the United States (1945–1953), known for implementing the Marshall Plan for European recovery, leading the Cold War's early years, and making the decision to use atomic bombs against Japan.