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Which of the following statements is TRUE? a. If the liabilities owed by a business total $650,000, then the assets also total $650,000 b.
Which of the following statements is TRUE? a. If the liabilities owed by a business total $650,000, then the assets also total $650,000 b. If the assets owned by a business total $90,000 and liabilities total $50,000, then owners' equity totals $140,000 c. If the assets owned by a business total $500,000, then owners' equity also totals $500,000 d. If the assets owned by a business total $190,000 and liabilities total $50,000, then owners' equity totals $140 000.
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