The Total Liabilities of Hogan's Company on the Balance Sheet

question 78

Multiple Choice

The total liabilities of Hogan's Company on the balance sheet are $270,000;this amount is equal to three-fourths of the total assets.What is the amount of owners' equity?

• A)$202,500.
• B)$ 90,000.
• C)$360,000.
• D)$630,000.

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Definitions:

Phytoremediation

The use of plants to remove, transfer, stabilize, or destroy contaminants in soil, water, or air.

Environmental Contaminants

Pollutants that are present in the environment and can cause harmful effects on wildlife, plants, and human health.

Hypertonic

Describes a solution that has a higher concentration of solutes compared to another solution, causing cells in contact with it to lose water through osmosis.

Hypotonic

describes a solution that has a lower concentration of solutes compared to another solution, leading to water moving into the cell.