In a Balance Sheet Current Assets Are $4 000; Long-Term

question 22

Multiple Choice

In a balance sheet Current Assets are $4 000; Long-term Assets are $6 000; Total Owners' Equity is $6 000; Current Liabilities are $3 000. What are Long-term Liabilities?

• A)$1 000
• B)$5 000
• C)$9 000
• D)$13 000
• E)$15 000

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Definitions:

Severe Inequity

Extreme unfairness or imbalance in the way resources, opportunities, or treatments are distributed among individuals or groups.

Relationship

A connection, association, or involvement between two or more individuals, which can encompass a wide range of interactions from familial and platonic to romantic.

Long-Term Relationships

Relationships characterized by a significant duration and often involving a deep emotional connection and commitment.

Date Rape

Unwanted, forced sexual intercourse in a dating situation.