If Equity Is $300,000 and Liabilities Are $192,000, Then Assets

question 157

Multiple Choice

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

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

---

Definitions:

Product Design

The process of creating a new product to be sold by a business to its customers, focusing on form, function, usability, and aesthetics.

HR Policies

Specific guidelines or rules set by an organization's human resources department to govern employee relations and workplace practices.

Financial Health

A measure of the financial stability and viability of an entity, often assessed through metrics such as liquidity, solvency, and profitability.

Scope Statement

An official document that defines the project scope, including its boundaries, deliverables, and requirements, to guide project execution.