Strum Hardware Has Total Assets of $50,000

question 113

Multiple Choice

Strum Hardware has total assets of $50,000.What are the total assets if new equipment is purchased for $10,000 cash?

• A)$45,000
• B)$50,000
• C)$55,000
• D)$60,000

---

Definitions:

Imported Beef

Beef that is brought into a country from another country for sale.

Price

The amount of money required to purchase a good, service, or asset.

European Union

A political and economic union of 27 European countries that participate in a unified international agreement to foster economic cooperation and free trade among members.

European Citizenship

European citizenship grants certain rights and privileges, including free movement, to individuals within the European Union member states.