Owner's Equity Is $150,000 and Total Liabilities Are $90,000

question 107

Multiple Choice

Owner's equity is $150,000 and total liabilities are $90,000.Total assets would be:

• A) $300,000.
• B) $180,000.
• C) $60,000.
• D) $240,000.

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Definitions:

Physiological Arousal

Physical states of alertness or excitement, often associated with increased heart rate, respiration, and energy, in response to stimuli.

Elevated Levels

Higher than normal amounts or concentrations of a substance or parameter, often indicating a problem or condition.

Homosexuality

A sexual orientation characterized by a romantic or sexual attraction towards individuals of the same sex.

Biological Nature

Refers to the inherent qualities and biological processes that define and regulate the life of an organism.