Owner's Equity Is

question 56

Multiple Choice

Owner's Equity is

• A) added to assets and the two are equal to liabilities
• B) added to liabilities and the two are equal to assets
• C) subtracted from liabilities and the net amount is equal to assets
• D) equal to the total of assets and liabilities

---

Definitions:

International Trade

The exchange of goods and services between countries, driven by comparative advantage and resulting in increased economic efficiency.

Export Cheese

The process of selling and shipping cheese to other countries from the country of origin.

Tariff

A tax imposed by a government on imported goods or services to regulate trade and protect domestic industries.

Price of Wheat

The cost per unit of wheat, which can fluctuate based on factors like supply, demand, weather conditions, and global market dynamics.