Which of the Following Is Correct If at the End

question 49

Multiple Choice

Which of the following is correct if at the end of Crystal Imports' first year of operations,Assets are $800,000 and Owners' Equity is $720,000?

• A)The owner(s)must have invested $800,000 to start the business.
• B)The business must be operating profitably.
• C)Liabilities are $80,000.
• D)Liabilities are $1,520,000.

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Definitions:

Facilities

Buildings, equipment, and services provided for a particular purpose, especially in relation to the operation of a company or for public use.

Coagulation Time

The time required for blood to form a clot, a critical measure in understanding hemostatic processes and diagnosing bleeding disorders.

Bleeding Disorders

Conditions that impair the clotting process, leading to prolonged bleeding from minor injuries or spontaneous bleeding without injury.

Leukocyte

A type of blood cell that is part of the immune system, also known as a white blood cell.