A Company Has Twice as Much Owner's Equity as It

question 5

Multiple Choice

A company has twice as much owner's equity as it does liabilities.If total liabilities are $50,000,what amount of assets are owned by the company?

• A)$50,000
• B)$100,000
• C)$150,000
• D)$200,000
• E)Assets cannot be determined from the given information.

---

Definitions:

Sodium Citrate

A chemical compound used as a buffering agent, anticoagulant, or preservative in food and beverages.

EDTA

Ethylenediaminetetraacetic acid, a compound used to bind metal ions in various chemical and medical applications, including as an anticoagulant in blood samples.

Do Not Cleanse

A directive to avoid cleaning or washing an area or item, possibly to preserve evidence or maintain a specific condition.

Alcohol

A chemical substance found in drinks such as beer, wine, and spirits, known for its psychoactive effects and potential for dependence.