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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