A fiRm Has Current Assets of $400, Shareholders' Equity of $700

question 103

Multiple Choice

A firm has current assets of $400, shareholders' equity of $700, current liabilities of $300, and net fixed assets of $600. What is the amount of long-term debt?

• A) $0
• B) $100
• C) $200
• D) $300
• E) $400

Understand the causes and effects of Bacon's Rebellion and its impact on colonial America.

Analyze the influence of Puritan religious ideas on the governance of the Massachusetts Bay Colony.

Identify the early challenges faced by the Virginia colony and analyze why it nearly failed.

Explain the formation and development of the South Carolina colony.

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Definitions:

Karl Marx

A 19th-century philosopher, economist, and socialist who analyzed the effects of capitalism and proposed a revolutionary class struggle leading to a society with no class distinctions.

Public Ownership

Ownership of assets by the government or a government entity, rather than by private individuals or organizations.

Laissez-faire

An economic system in which transactions between private parties are free from state intervention, including restrictive regulations, taxes, and tariffs.

Capitalist Economy

An economic system where private individuals and business owners control the production, distribution, and exchange of goods and services, typically driven by profit motives.