The Assets of a Company Total $700,000; the Liabilities, $200,000

question 209

Multiple Choice

The assets of a company total $700,000; the liabilities, $200,000. What are the net assets?

• A)$900,000.
• B)$700,000.
• C)$500,000.
• D)$200,000.
• E)It is impossible to determine unless the amount of the common stock is known.

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Definitions:

Urinary Bladder

A hollow muscular organ that stores urine from the kidneys before it is excreted from the body.

Stratified Cuboidal Epithelium

A type of epithelial tissue consisting of layers of cuboidal cells, found in some ducts of glands, providing protection and involved in secretion.

Sweat Glands

Specialized glands found in the skin that produce sweat as part of the body's mechanism for temperature regulation and excretion.