Siskiyou,Inc

question 108

Multiple Choice

Siskiyou,Inc.has total current assets of $1,200,000; total current liabilities of $500,000; long-term assets of $800,000; and long-term debt of $600,000.How much is the firm's total equity?

• A) $1,200,000
• B) $800,000
• C) $900,000
• D) $2,000,000

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Definitions:

Phosphate Groups

Phosphate groups are chemical groups consisting of a phosphorus atom bonded to four oxygen atoms (PO4), important in energy transfer within cells.

Ribose Groups

Components of RNA molecules consisting of five-carbon sugars connected to the nucleobases and phosphate groups.

Polysaccharide

A complex carbohydrate composed of a long chain of monosaccharide units bonded together, serving various functions including energy storage and structural roles.

Nucleotide

A molecule consisting of one or more phosphate groups, a 5-carbon sugar (ribose or deoxyribose), and a nitrogenous base (purine or pyrimidine).