If Doane Company's Liabilities Are $28,000 and Its Owner's Equity

question 138

Multiple Choice

If Doane Company's liabilities are $28,000 and its owner's equity is $20,000, then the company's assets total

• A) $8,000.
• B) $20,000.
• C) $48,000.
• D) indeterminable with just the facts given.

---

Definitions:

User Account

A customized and authenticated profile on a system or platform that permits access to personal settings and data based on defined permissions.

Screen Savers

A program that blanks the screen or fills it with moving images or patterns when the computer is not in use.

Ghosting

A phenomenon in display screens where trailing images appear as a blur behind moving objects, due to slow response times.

Microsoft Accounts

Online accounts used to access Microsoft services and products, including Windows, Office, and OneDrive.