Jack Stanley Graduated from College and Obtained a Full-Time Job

question 97

Multiple Choice

Jack Stanley graduated from college and obtained a full-time job in accounting. At the end of his first year of employment, his assets totaled $9,000. His liabilities totaled $3,000. His ____ was $6,000.

• A) asset total
• B) profit
• C) net worth
• D) cost of living
• E) allocated total

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Definitions:

Liabilities

Financial obligations or debts that a company or individual owes to others, which must be settled over time through the transfer of economic benefits including money, goods, or services.

Target Corporations

Companies identified as potential candidates for acquisition, takeover, or strategic partnerships.

Federal Securities Law

Laws and regulations that govern the sale, purchase, and offering of securities to protect investors and ensure market integrity.

Aggressors

Individuals or entities that initiate hostilities or actions perceived as hostile against others.