Which of the Following Is Correct If at the End

question 96

Multiple Choice

Which of the following is correct if at the end of Crystal Imports' first year of operations, assets are $800,000 and owners' equity is $720,000?

• A) The owner must have invested $720,000 to start the business.
• B) The business must be operating profitably.
• C) Liabilities are $80,000.
• D) Liabilities are $1,520,000.

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The inward growing of the nail into the soft tissue around it.