If Total Liabilities Are $2,000 and Total Assets Are $16,000

question 93

Multiple Choice

If total Liabilities are $2,000 and total Assets are $16,000, Owner's Equity must be:

• A) $14,000.
• B) $9,000.
• C) $16,000.
• D) $18,000.

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Definitions:

Transmission Mechanisms

The processes by which signals or forces are conveyed from one part to another, such as in the transmission of nerve impulses.

Genes

Segments of DNA located on chromosomes, that contain the instructions for the synthesis of proteins, influencing individual traits.

Hormones

Chemical messengers secreted by glands that regulate bodily processes and behaviors by acting on specific target cells.

Homeostasis

The balanced internal environment of the body; the automatic tendency of an organism to maintain such a steady state.