If Assets Are $99,000 and Liabilities Are $32,000, Then Equity

question 20

Multiple Choice

If assets are $99,000 and liabilities are $32,000, then equity equals:

• A) $32,000.
• B) $67,000.
• C) $99,000.
• D) $131,000.
• E) $198,000.

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Definitions:

Proportion

A statement that two ratios or fractions are equal.

Unknown Quantities

Variables in mathematical equations or problems that are yet to be determined or solved for.

Unknown Quantity

A value in mathematics or science that is not initially known but is sought through problem-solving.

Proportion

A portion, fraction, or quantity of something as it relates to the entirety.