The Balance Sheet of Ranger Inc

question 13

Multiple Choice

The balance sheet of Ranger Inc.shows its liabilities and owners' equity as $150,000 and $75,000, respectively. In this case, Ranger's _____.

• A)total assets are $225,000
• B)total income is $75,000
• C)net income for the current year is $225,000
• D)net cash flow for the current year is $75,000

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Definitions:

Unfavourable Attitudes

Negative perceptions or feelings towards a person, group, or concept, which can influence behavior and judgement.

Derogatory Comments

Negative or critical remarks about someone, often insulting or demeaning in nature.

Prejudice

A preconceived opinion that is not based on reason or actual experience; often directed against people or ideas.

Engineering Students

Individuals enrolled in an engineering program at a higher education institution, focusing on the study of applied sciences and technology.