If an Entity Has Assets of $168 900 and Liabilities

question 34

Multiple Choice

If an entity has assets of $168 900 and liabilities of $70 000 its equity is:

• A) $238 900.
• B) $28 900.
• C) $98 900.
• D) unable to be calculated.

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Definitions:

Diabetic Neuralgia

A form of nerve damage due to diabetes that can result in pain, typically in the legs and feet, as well as other symptoms.

Type 1 DM

A chronic condition where the pancreas produces little or no insulin, leading to high blood sugar levels, requiring insulin administration for management.

Ketoacidosis

A serious complication of diabetes resulting in high levels of ketones in the blood, indicating insufficient insulin.

Type 1 DM

Type 1 Diabetes Mellitus, an autoimmune condition where the pancreas produces little to no insulin.