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

question 93

True/False

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

---

Definitions:

High-Risk Group

A category of individuals who, due to specific characteristics or behaviors, have a significantly higher chance of developing a particular disease or injury than the general population.

H1N1

A subtype of influenza A virus known to cause respiratory infections in humans; it was responsible for the 2009 flu pandemic.

Pandemic

A global outbreak of a disease that affects a large number of people across several countries or continents.

Oxygen

A chemical element vital for respiration in living organisms and necessary for combustion, represented by the symbol O.