If the Assets of Marco's Pet Store Are $107,000 and the Owners

question 2

Multiple Choice

If the assets of Marco's Pet Store are $107,000 and the owners' equity is $75,000,which of the following is a correct statement?

• A) The owners' investment equals $182,000.
• B) The current assets are worth $32,000.
• C) The new income for the period is $32,000.
• D) The long-term liabilities are $75,000.
• E) The liabilities are $32,000.