Question : 111. The assets of a company total $700,000; the liabilities, $200,000. : 1256318
111. The assets of a company total $700,000; the liabilities, $200,000. What are the total claims of the owners? A. $900,000 B. $700,000 C. $500,000 D. $200,000 E. It is impossible to determine unless the amount of owners’ investment is known. 112. Our company has three times as many assets as it does liabilities. If total liabilities are $55,000, what is the amount of owners’ equity? A. $55,000 B. $110,000 C. $165,000 […]