If Liabilities Have a Balance of $10,000 and Stockholders' Equity

question 7

Multiple Choice

If liabilities have a balance of $10,000 and stockholders' equity has a balance of $60,000, then assets must have a balance of:

• A) $50,000.
• B) $60,000.
• C) $70,000.
• D) $10,000.

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