If Total Assets Equal $270,000 and Total Liabilities Equal $202,500,the

question 63

Multiple Choice

If total assets equal $270,000 and total liabilities equal $202,500,the total owners' equity must equal:

• A)$472,500.
• B)$67,500.
• C)$270,000.
• D)Cannot be determined from the information given.

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Definitions:

Self-control

Self-control is the ability to regulate one's emotions, thoughts, and behavior in the face of temptations and impulses.

Equity Theory

An assumption that how much people are willing to contribute to an organization depends on their assessment of the fairness, or equity, of the rewards they will receive in exchange.

Expectancy Theory

The assumption that motivation depends not only on how much a person wants something but also on how likely he or she is to get it.