If Assets Have a Balance of $80,000 and Stockholders' Equity

question 48

Multiple Choice

If assets have a balance of $80,000 and stockholders' equity has a balance of $60,000, then liabilities must have a balance of:

• A) $140,000.
• B) $60,000.
• C) $80,000.
• D) $20,000.

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Definitions:

Phenotypic Variation

The observable differences in appearance, physiology, and behavior among individuals of the same species, resulting from genetic and environmental factors.

Genotype

The genetic makeup of an organism, consisting of the alleles that it inherits from its parents, which determines its specific traits.

Environment

The surrounding or conditions in which an organism lives or operates, including all living and non-living things.

Linkage Disequilibrium

The occurrence of alleles at various loci not distributing by chance within a population, frequently because they are located close to each other on a chromosome.