Question
Lucy has prepared her balance sheet and found that her total assets are $54,000 and her total liabilities (largely college loans) are $48,000. This indicates
Lucy has prepared her balance sheet and found that her total assets are $54,000 and her total liabilities (largely college loans) are $48,000. This indicates that Lucy's:
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Group of answer choices
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Balance sheet is out of balance
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Net Income is only $6000
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Cash flow will not be sufficient to repay her college loans
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Net Worth is $6000
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IT Auditing And Sarbanes Oxley Compliance Key Strategies For Business Improvement
Authors: Dimitris N. Chorafas
1st Edition
036738650X, 978-0367386504
