If stockholders’ equity is $50,000 and liabilities are $78,000, then assets must equal:

A. $28,000
B. $50,000
C. $78,000
D. $128,000

Answer: D. $128,000
Explanation: Assets = Liabilities ($78,000) + Stockholders' Equity ($50,000) = $128,000.

Business

You might also like to view...

The ________ is a representation of the content, relationships, and constraints of the data needed to support the system requirements

Fill in the blank(s) with correct word

Business

Which of the following statements is FALSE?

A) The interest rates that banks offer on investments or charge on loans depends on the horizon of the investment or loan. B) The Federal Reserve determines very short-term interest rates through its influence on the federal funds rate. C) The interest rates that are quoted by banks and other financial institutions are nominal interest rates. D) Fundamentally, interest rates are determined by the Federal Reserve.

Business