If Total Liabilities Are $98,000 and Owner's Equity Is $150,000

question 56

Multiple Choice

If total liabilities are $98,000 and owner's equity is $150,000, total assets would be:

• A)$52,000.
• B)$248,000.
• C)$98,000.
• D)$300,000.

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Definitions:

Future Security

Measures or assurances put in place to ensure stability and protection from potential threats or uncertainties in the future.

Masculinity

A set of attributes, behaviors, and roles traditionally associated with boys and men, often emphasized by strength, dominance, and emotional restraint.

Gender-Based Violence

Forms of violence or abuse directed at an individual based on their gender identity or perceived adherence to socially constructed gender norms.

Cultural Constructs

Socially established norms, values, and practices that shape the behavior, perceptions, and identities of individuals within a society.