If Assets Are $300,000 and Liabilities Are $192,000,then Equity Equals

question 205

Multiple Choice

If assets are $300,000 and liabilities are $192,000,then equity equals:

• A)$108,000.
• B)$192,000.
• C)$300,000.
• D)$492,000.
• E)$792,000.

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Definitions:

Increases

This term refers to a situation where a quantity or quality of something goes up or becomes more.

Constant-Cost Industry

An industry where the costs of production do not change as the overall level of production increases or decreases.

Long-Run Supply

The total amount of a good or service that is available in the market over a long term, taking into account adjustments in production and entry or exit of firms.

Decreasing-Cost Industry

An industry where increased production leads to lower costs per unit, typically due to economies of scale or technological improvements.