If Assets Are $365,000 and Equity Is $120,000, Then Liabilities

question 111

Multiple Choice

If assets are $365,000 and equity is $120,000, then liabilities are:

• A) $120,000.
• B) $245,000.
• C) $365,000.
• D) $485,000.
• E) $610,000.

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Definitions:

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A type of automatic clutch that uses centrifugal force to engage the gears as the engine's RPM increases.

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An interaction point between a customer and a product, brand, or company, which can be a crucial factor in customer experience.

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A type of transmission that offers manual gear shifting control with the operation ease of an automatic transmission.