An angel investor is reviewing financial statements for a start-up called Sals Food Truck? On the Balance Sheet, Total Assets must equal?

Owner's or Shareholder's Equity

Total Liabilities

Total Liabilities + Owner's or Shareholder's Equity

EBITDA (Earnings before interest and taxes + Depreciation + Amortization

Net Income

The plight of DLeon Bakery. Dewey, Cheatum and Howe law firm has been hired by the Board to examine potential fraud. Which of the following is NOT one of the issues with the major expansion?

Customers have stopped ordering because they are not being paid on-time

Bank has threatened to cut off credit

Trick question. All answers are major issues with DLeon Bakery

Cash position is weak

Suppliers are being paid late