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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Definitions:

Dotplot

A statistical chart consisting of data points plotted on a simple scale, used to visualize the distribution of a data set.

Tornadoes

Violently rotating columns of air that are in contact with both the surface of the Earth and a cumulonimbus cloud or, in rare cases, the base of a cumulus cloud.

Heights

Measurements or distances from the base to the top of individuals or objects, often used in the context of recording physical stature.

Bimodal

Having two distinct peaks or modes in a distribution of data.