The Assets of Moon Company Are $150,000 and the Total

question 14

Multiple Choice

The assets of Moon Company are $150,000 and the total liabilities are $20,000.The equity is ________.

• A)$150,000
• B)$170,000
• C)$20,000
• D)$130,000

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Definitions:

Medial Collateral Ligament

A ligament located on the medial (inner) side of the knee, providing stability to the joint.

Costochondral Joint

The articulation between the end of a rib and the costal cartilage that attaches the rib to the sternum, allowing for some movement and flexibility.

Stylomandibular Ligament

The stylomandibular ligament is a band of fibrous tissue that extends from the styloid process of the temporal bone to the angle of the mandible, playing a role in the support of the jaw.

Zygomatic Arch

The bone that forms the prominence of the cheek; part of the skull that is under the eye and connects to the temporal bone.