The Resources Owned by David's Spa and Salon Total $148,000

question 160

Multiple Choice

The resources owned by David's Spa and Salon total $148,000. The total amount of debt that it owes to others is $87,000. Which of the following about David's Spa and Salon is true?

• A) Owners' equity is $87,000.
• B) Owners' equity is $61,000.
• C) Liabilities are $148,000.
• D) Liabilities are $61,000.
• E) The firm has more owners' equity than liabilities.

---

Definitions:

Work Environment

Refers to the setting, conditions, and culture in which an employee operates.

Type A Personalities

A temperament characterized by high levels of competitiveness, self-motivation, aggressiveness, and a constant sense of urgency.

Type B Personalities

Individuals characterized by a relaxed, patient, and easy-going nature.

Stress Experience

The physical and emotional reactions individuals undergo when confronted with demands that they feel unable to meet, often leading to various health and performance issues.