The Assets of a Company Total $700,000; the Liabilities,$200,000

question 142

Multiple Choice

The assets of a company total $700,000; the liabilities,$200,000.What are the total claims of the owners?

• A)$900,000
• B)$700,000
• C)$500,000
• D)$200,000
• E)It is impossible to determine unless the amount of owners' investment is known.

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Definitions:

Vastus Lateralis

A muscle located on the side of the thigh, part of the quadriceps group, primarily involved in extending the knee.

Pectineus

A muscle in the thigh engaged in hip flexion and adduction, contributing to the movement of the leg towards the body's midline.

Gluteus Medius

A muscle located on the outer surface of the pelvis, involved in the rotation and abduction of the thigh.

Vastus Lateralis

A muscle located on the side of the thigh, part of the quadriceps group, responsible for extending the knee.