Total Current Liabilities Are $100,000 and Total Owners' Equity Is

question 72

Multiple Choice

Total current liabilities are $100,000 and total owners' equity is $2,000,000.What are total assets?

• A)We need to know retained earnings before we can compute total assets.
• B)We need more information on long-term liabilities before we can compute total assets.
• C)$2,000,000
• D)$2,100,000

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Mode

The value that appears most frequently in a data set, a measure of central tendency.

College Student

A person who is enrolled in an institution of higher education to pursue a degree or certificate.

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Mean Salary

The average amount of money earned by employees in a particular job, industry, or region, calculated by summing all salaries and dividing by the number of employees.