Sunlight Company has assets and equity that amount to $200,0
Sunlight Company has assets and equity that amount to $200,000 and $90,000, respectively. Liabilities total ________.
A) $90,000
B) $110,000
C) $200,000
D) $290,000
ANSWER
B .Liabilities = Assets – Equity
Liabilities = 200,000 – 90,000 = 110,000
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