If a Company Has $50,000 of Assets, Which of the Following

question 86

Multiple Choice

If a company has $50,000 of assets, which of the following could be true?

• A) It has ―$50,000 in stockholders' equity and $100,000 in liabilities.
• B) The company has fewer assets than it does liabilities.
• C) It has $30,000 in liabilities and $80,000 in owners' equity.
• D) The company has more owners' equity than assets.
• E) It has $23,000 in owners' equity and $27,000 in liabilities.