Approximately How Many Units of Government Exist in the United

question 6

Multiple Choice

Approximately how many units of government exist in the United States?

• A) 87,000
• B) 51
• C) Over 100,000
• D) 15,000

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Definitions:

Owner's Equity

The residual interest in the assets of an entity after deducting liabilities; it represents the ownership interest of the shareholders or owner in the company.

Assets

Resources owned by a company from which future economic benefits are expected to flow to the entity.

Owner's Equity

The residual interest in the assets of a company after deducting its liabilities, representing the ownership's claim on assets.

Liabilities

Financial obligations or debts that a company or an individual owes to others.