According to U

question 255

Multiple Choice

According to U.S. Census Bureau data (2015) , approximately how many illegal immigrants are estimated to be living continuously in the United States?

• A)5 million
• B)12 million
• C)23 million
• D)30 million

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Definitions:

Owner's Equity

Owner's equity represents the owner's stakes or claims against the assets of a business, equal to the total assets minus total liabilities.

Liabilities

Financial obligations or debts that a business or individual owes to others, which are expected to be settled over time through the transfer of economic benefits like cash or goods.

Assets

Resources owned or controlled by a business that are expected to benefit future operations.

Accounting Equation

The foundational equation in accounting, Assets = Liabilities + Owner's Equity, showing the relationship between a company's assets, liabilities, and equity.