coryoddoc1416 coryoddoc1416
  • 02-01-2024
  • Business
contestada

If the liabilities of a business are $85,000, and the owners' equity is $110,000 which of the following is a correct statement?

A. Assets equal $25,000.
B. Assets equal $195,000.
C. It is impossible to determine the value of the assets.
D. Assets equal $110,000.
E. Assets equal $85,000.

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