If equity equals $100,000, which of the following is true? Group of answer...

90.2K

Verified Solution

Question

Accounting

If equity equals $100,000, which of the following is true?
Group of answer choices
Liabilities exceed equity by $100,000.
Assets + liabilities equal $100,000
Assets exceed liabilities by $100,000.
None are true.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students