Our Company Has Three Times as Many Assets as It

question 196

Multiple Choice

Our company has three times as many assets as it does liabilities.If total liabilities are $55,000,what is the amount of owners' equity?

• A)$55,000
• B)$110,000
• C)$165,000
• D)$220,000
• E)Cannot be determined from the given information

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Definitions:

≠ 0

Symbol indicating that a quantity or difference is not equal to zero, often used in hypotheses testing to signify a non-null effect.

Standard Error

The standard deviation of the sampling distribution of a statistic, often used to estimate the accuracy of sample mean as an approximation of the population mean.

Means

The arithmetic averages of a set of numbers or data points.

N = 11

A statement indicating a sample size, or total number of observations, equals to eleven.