If Current Liabilities Are $90,000, Long-Term Liabilities Are $360,000, and Total

question 92

Multiple Choice

If current liabilities are $90,000, long-term liabilities are $360,000, and total assets are $600,000, what is the percentage of total liabilities to total assets?

• A)15 percent
• B)45 percent
• C)60 percent
• D)75 percent

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Definitions:

Physical Dependence

A physiological state in which the body adapts to the presence of a substance, leading to withdrawal symptoms when the substance is reduced or removed.

Tolerance

The capacity to accept or endure differences, opinions, or behavior in others without adverse reactions.

Dream Interpretation

The process of assigning meaning to dreams, often based on the idea that dreams can reveal hidden desires and emotions.

Latent Content

In psychoanalytic theory, the underlying meaning of dreams as opposed to their manifest content, which is the dream as remembered by the dreamer.