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

question 77

Multiple Choice

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

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

---

Definitions:

Euro

A currency system utilized by 19 of the total 27 nations in the European Union, widely recognized as the eurozone.

Vacation

A period of time devoted to rest, relaxation, or travel, often taken away from work or daily responsibilities.

Stronger Dollar

A situation where the value of the U.S. dollar increases relative to other currencies in the global market, making imports cheaper and exports more expensive.

American Consumers

Individuals or households in the United States that purchase goods and services for personal use.