If Total Assets Equal $345,000 and Total Equity Equal $120,000

question 43

Multiple Choice

If total assets equal $345,000 and total equity equal $120,000, then total liabilities must equal:

• A) $465,000.
• B) $225,000.
• C) Can not be determined from the information given.
• D) Some other amount.

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Definitions:

Audience

The group of people being addressed or targeted by a message, presentation, or performance.

Ineffective

Lacking the ability or qualities to produce the intended effect or desired outcome.

Long Lead-in

An extensive introduction or preamble to a document, presentation, or topic that prepares the audience for the main content.

Nonverbal Communication

The transfer of information through body language, facial expressions, gestures, and without the use of spoken language.