A Company Has Twice as Much Owner's Equity as It

question 32

Multiple Choice

A company has twice as much owner's equity as it does liabilities.If total liabilities are $50,000,what amounts of assets are owned by the company?

• A)$50,000
• B)$100,000
• C)$150,000
• D)$200,000
• E)Cannot be determined from the given information

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Definitions:

Wetlands

Areas of land that are saturated with water, either permanently or seasonally, and where oxygen-free processes prevail, often serving as natural water filtration systems and wildlife habitats.

Agriculture

The practice of cultivating the soil, growing crops, and raising livestock for food, fiber, and other products essential to human survival and economic activity.

Subdivisions

Sections into which land is divided for the purposes of sale, development, or administrative control.

Aquaculture Industry

The sector involved in the breeding, rearing, and harvesting of plants and animals in all types of water environments for the purpose of producing food, recreational fishing, and restoring endangered species.