Assets Are $150,000 and Total Liabilities Are $90,000

question 83

Multiple Choice

Assets are $150,000 and total liabilities are $90,000.Total owners' equity will be:

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

---

Definitions:

Covalent Bonds

A chemical bond formed by the sharing of electron pairs between atoms.

Electronegativity

A measure of the ability of an atom in a chemical compound to attract electrons towards itself.

Polarity

A property of molecules with unequal distribution of charges, resulting in molecules having positive and negative ends.

Valence Bond Theory

A theory that explains how electron pairs between atoms form chemical bonds, focusing on electron sharing to achieve noble gas configuration.