Gross Lewis
10/01/2024 · Senior High School
A business has capital of \( \$ 10,000 \) and liabilities of \( \$ 4,000 \). Which of the following asset and liability figures could appear in this business? Answer a. Assets \( \$ 6,000 \) Liabilities \( \$ 4,000 \) b. Assets \( \$ 10,000 \quad \) Liabilities \( \$ 10,000 \) c. Assets \( \$ 14,000 \quad \) Liabilities \( \$ 4,000 \) d. Assets \( \$ 6,000 \quad \) Liabilities \( \$ 16,000 \)
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The valid option is c. Assets \( \$ 14,000 \) Liabilities \( \$ 4,000 \).
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