Which of the Following Statements Is True

question 42

Multiple Choice

Which of the following statements is true?

• A) If the liabilities owed by a business total $450 000,then the assets also total $450 000.
• B) If the assets owned by a business total $500 000,then shareholders' equity also totals $500 000.
• C) If the assets owned by a business total $90 000 and liabilities total $50 000,then shareholders' equity totals $40 000.
• D) If the assets owned by a business total $90 000 and liabilities total $50 000,then shareholders' equity totals $140 000.

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Definitions:

Globalization

The process by which, as a result of international communication, transportation, and trade, countries around the world influence one another’s lifestyle, economics, and culture, so that similarities among nations increase along with interaction.

Career Stability

The extent to which an individual's career path is steady and secure over time, often influenced by the job market and personal choices.

Financial Autonomy

The state of having control over one's own financial decisions and resources.