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:

RGB

RGB stands for Red, Green, Blue, and is a color model used to represent and display images in electronic systems, such as televisions and computers, by combining these three colors.

Stands

Generally refers to what a term or concept represents or its position on an issue; in programming, it might not directly apply as a specific term.

Applet

An applet is a small Java program that can be embedded in a web page, designed to run in a restricted java environment.

HTML Document

A markup file written in HyperText Markup Language that forms the backbone of web pages and web applications.