Question
If total assets equal $450,000 and total liabilities equal $350,000, what does owner's equity equal? -$100,000 $100,000 $450,000 $800,000 When comparing businesses financially, we generally
If total assets equal $450,000 and total liabilities equal $350,000, what does owner's equity equal?
| -$100,000 | ||
| $100,000 | ||
| $450,000 | ||
| $800,000 |
When comparing businesses financially, we generally prefer ratios over dollar values.
True
False
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Financial Accounting And Reporting
Authors: Barry Elliott, Jamie Elliott
13th Edition
0273730045, 978-0273730040
