If Assets Are $8,000 and Liabilities Are $2,000, Owner's Equity

question 11

True/False

If assets are $8,000 and liabilities are $2,000, owner's equity is $10,000.

---

Definitions:

Copyright Act

Legislation that provides the legal framework for copyright protection, rights, and infringement issues.

Computer Software

Programs and operational information used by a computer to perform specific tasks.

Exclusive Right

A legal entitlement that allows the holder to be the sole person or entity to use, produce, or sell a particular thing or service.

Copyright Protection

Legal rights granted to creators of original works to control and exploit their creations.