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

question 58

Multiple Choice

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

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

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