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QUESTION 3 A company has cash in the bank of $850,000, inventory of $50,000 and a building worth $100,000. These are the only assets for
QUESTION 3 A company has cash in the bank of $850,000, inventory of $50,000 and a building worth $100,000. These are the only assets for the company. The company has liabilities that amount to $925,000. How much is owners' equity in this company? O $1,000,000 O $75,000 O $925,000 O None of above QUESTION 4 1. A share of stock in General Motors that your company owns would be: - O a liabillity O owners' equity O an asset O all of the above
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