If a Company Has $50,000 of Assets, Which of the Following

question 86

Multiple Choice

If a company has $50,000 of assets, which of the following could be true?

• A) It has ―$50,000 in stockholders' equity and $100,000 in liabilities.
• B) The company has fewer assets than it does liabilities.
• C) It has $30,000 in liabilities and $80,000 in owners' equity.
• D) The company has more owners' equity than assets.
• E) It has $23,000 in owners' equity and $27,000 in liabilities.

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Definitions:

Convergence Theory

A concept in sociology that suggests differences among societies will decrease over time due to globalization, leading to similar social, political, and technological practices.

Contagion Theory

A sociological theory that suggests ideas and emotions can spread through populations like infectious diseases.

Contagion Theory

A theory in social psychology that suggests ideas, attitudes, and behaviors spread through groups like diseases, influenced by the power of the crowd.

Convergence Theory

The idea that societies and cultures will grow more similar over time as they adopt and implement similar technologies and organizational structures.