Your Venture Has Total Assets of $690, Net Fixed Assets

question 5

Multiple Choice

Your venture has total assets of $690, net fixed assets of $500, long term debt of $80, and stockholders' equity of $400. What is the amount of your venture's current liabilities?

• A) -$100
• B) $100
• C) $210
• D) $290
• E) $1,090

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Definitions:

Corporate Tax Rates

The percentages of corporate profits that businesses must pay to the government as taxes.

Means-tested

Pertaining to government programs that require individuals to meet certain income or asset criteria to qualify for benefits.

State Sales Tax

A tax imposed by a state on the sale of goods and services, typically calculated as a percentage of the selling price.

Inheritance Tax

A tax imposed on individuals who inherit assets from a deceased person.