16) The claims of creditors against the Assets are:A) ExpensesB) RevenuesC) LiabilitiesD) Owner's Equity17) The Owner's Equity of Logan's Company is equal to one-half of the total Assets. Liabilities equal $90,000. What is the amount of Owner's Equity?A) $45,000B) $90,000C) $135,000D) None of these answers is correct. 18) Assets are equal to:A) Liabilities + Owner's Equity.B) Liabilities - Owner's Equity.C) Liabilities - Revenues.D) Revenues - Expenses.19) The basic accounting equation can be written as:A) Assets = Revenues - ExpensesB) Assets = Liabilities - Owner's EquityC) Profit = Revenues - ExpensesD) Assets — Owner’s Equity = Liabilities20) An acceptable variation of the accounting equation is:A) Assets - Owner's Equity = LiabilitiesB) Revenues = Profit - ExpensesC) Assets = Liabilities - Owner's EquityD) All of these answers are correct