Owner's equity is calculated by
A) adding assets to liabilities
B) adding assets to liabilities and subtracting profit
C) subtracting total liabilities from total assets
D) subtracting total assets from total liabilities
C
Business
You might also like to view...
Under the variable-cost approach, the cost base includes all of the following except
a) variable selling and administrative costs. b) variable manufacturing costs. c) total fixed costs. d) all of these answers are included.
Business
Corporation A owns 15 percent of the stock of corporation B. Corporation B pays corporation A $100,000 in dividends in 2002. Corporation A must pay tax on ________
A) $100,000 of ordinary income B) $ 30,000 of ordinary income C) $ 70,000 of ordinary income D) $ 70,000 of capital gain
Business