Which of the Following Statements Is TRUE

question 20

Multiple Choice

Which of the following statements is TRUE?

• A) If the liabilities owed by a business total $650 000, then the assets also total $650 000.
• 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 $190 000 and liabilities total $50 000, then shareholders' equity totals $140 000.
• 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:

Subsistence Needs

Fundamental requirements necessary for individuals to maintain their basic living conditions, such as food, shelter, and clothing.

Thrill Of Entering

The excitement or exhilaration experienced when engaging in or embarking on something new or adventurous.

Expressive Needs

Human desires or motivations to express oneself emotionally or creatively, often through art, communication, or personal style.

Technical Skills

Abilities and knowledge needed to perform specific tasks, often relating to computational and physical technology.