Which of the Following Is Correct If at the End

question 5

Multiple Choice

Which of the following is correct if at the end of Crystal Imports' first year of operations, assets are $800,000 and 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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Definitions:

Core Values

Fundamental beliefs or guiding principles that dictate behavior and action for individuals or organizations, helping to shape culture and identity.

Personal Wealth

The total value of an individual's financial and material assets, minus liabilities.

Deprivation

A state of lacking or being denied important resources, services, or conditions considered necessary for physical well-being or emotional fulfillment.

Economic Power

Economic power refers to the ability of individuals, corporations, or countries to influence market conditions, consumer behavior, or economic policies due to their financial resources or control over assets.