If a Company Has Assets of $60,000 and Shareholders' Equity

question 15

True/False

If a company has assets of $60,000 and shareholders' equity of $30,000, then its liabilities must be $90,000.

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Definitions:

Annual Percentage Rates

Annual Percentage Rates (APR) represent the annual interest rate charged for borrowing or earned through an investment, accounting for fees and other costs.

APR

Annual Percentage Rate, encompassing the annual rate charged for borrowing or earned through an investment, inclusive of any fees or additional costs.

Dollar-Weighted Return

A measure of an investment's performance that takes into account the timing and amount of all cash inflows and outflows.

Geometric Average Return

The average rate of return on an investment that is calculated by multiplying n variables and then taking the n-th root of the product.