If the liabilities owed by a business total $300,000 and owners equity is equal to $300,000, then the assets also total $300,000.（)
举一反三
- The owners' equity of Janet Management Corp. is $300,000 at December 31, 2002, and is equal to three-fourths of total liabilities. What is the amount of total assets? A: $700,000. B: $400,000. C: $1,000,000. D: $420,000.
- If<br/>equity is $300,000 and liabilities are $192,000, then assets equal( <br/>) A: $300,000 B: $792,000 C: $192,000 D: $492,000 E: $108,000
- If<br/>the assets of a business are $400,000 and the liabilities are$10,000,<br/>how much is the owner’s equity?( ) A: 310,000 B: 390,000 C: 300,000 D: 10,000
- The liabilities of Emerald Co. equal one-third of the total assets, and owner’s equity is $120,000. What is the amount of the liabilities?
- Assets total $150,000<br/>and Liabilities total £60,000.<br/>The equity of the business must total ( <br/>) A: £21,000 B: £9,000 C: £210,000 D: £90,000