If Liabilities Are $45,000 and Equity Is $68,900, Assets Are

question 36

Multiple Choice

If liabilities are $45,000 and equity is $68,900, assets are:

• A)$23,100.
• B)$23,900.
• C)$113,900.
• D)$113,100.

---

Definitions:

Bias

A tendency to favor or lean towards a particular perspective, judgment, or result over others, often in a way considered to be unfair.

Intuitive Judgments

Decisions or assessments made based on gut feelings or instincts rather than analytical reasoning or explicit reasoning.

Arbitrary

Based on random choice or personal whim, rather than any reason or system.

Conditional Probability

The probability that one event will occur on condition that another event occurs.