If Assets Are $300,000 and Liabilities Are $192,000,then Equity Equals

question 205

Multiple Choice

If assets are $300,000 and liabilities are $192,000,then equity equals:

• A)$108,000.
• B)$192,000.
• C)$300,000.
• D)$492,000.
• E)$792,000.

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Definitions:

Privately Owned

Refers to assets, businesses, or corporations owned by non-governmental entities or individuals.

Product Line

A collection of interconnected products sold under a unified brand name by the same company.

Product Item

A specific version of a product that has a unique identifier, packaging, price, or quality.

Glad Products

A brand name associated primarily with trash bags and food storage containers, known for its range of plastic products.