The Assets of a Company Total $700,000; the Liabilities, $200,000

question 209

Multiple Choice

The assets of a company total $700,000; the liabilities, $200,000. What are the net assets?

• A)$900,000.
• B)$700,000.
• C)$500,000.
• D)$200,000.
• E)It is impossible to determine unless the amount of the common stock is known.

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