If Assets Have a Balance of $40,000 and Stockholders' Equity

question 12

Multiple Choice

If Assets have a balance of $40,000 and Stockholders' Equity has a balance of $30,000, then Liabilities must have a balance of:

• A) $70,000.
• B) $30,000.
• C) $40,000.
• D) $10,000.

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Definitions:

Herpes Simplex

A medical condition characterized by an eruption of one or more groups of vesicles on the lips or genitalia.

A Virus

A microscopic infectious agent that can replicate only inside the living cells of an organism, causing various diseases.

Sweat Glands

Specialized glands in the skin responsible for the production of sweat, aiding in temperature regulation and waste excretion.