A Company Has the Following Assets: (1)Fixed Assets Worth $30,000

question 58

Multiple Choice

A company has the following assets: (1) Fixed assets worth $30,000 and (2) investments worth $6,000.The company's total liabilities amount to $25,000.What is the owner's equity of the company?

• A) $24,000
• B) $36,000
• C) $5000
• D) $30,000
• E) $11,000

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Definitions:

Scoria Cone

A small volcanic cone made up of basaltic lava fragments and ash, typically created during explosive eruptions.

Caldera

A vast volcanic hollow created by a significant explosion that results in the collapse of the volcano's opening.

Pyroclastic Deposits

Accumulations of volcanic materials, such as ash, tephra, and lava bombs, ejected explosively from a volcano.

Volcanic Mudflows

Volcanic mudflows, also known as lahars, are fast-moving, deadly flows of mud, rocky debris, and water that originate from volcanic eruptions or the melting of snow and ice atop volcanoes.