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Mastering Accounting Equations

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Questions and Answers

If a company's assets are $100,000 and its liabilities are $50,000, what is its owner's equity?

$150,000

$200,000

$100,000

$50,000 (correct)

Which of the following equations represents the relationship between assets, liabilities, and owner's equity?

Assets = Liabilities + Owner's Equity (correct)

Assets = Liabilities * Owner's Equity

Assets = Liabilities / Owner's Equity

Assets = Liabilities - Owner's Equity

What does SWOT stand for in SWOT analysis?

Strategies, Weaknesses, Opportunities, Trends

Strategies, Weaknesses, Objectives, Threats

Strengths, Weaknesses, Objectives, Targets

Strengths, Weaknesses, Opportunities, Threats (correct)

What is the result of subtracting liabilities from assets?

Assets Signup and view all the answers

Which of the following best describes the purpose of SWOT analysis?

To identify internal and external factors that may impact the business Signup and view all the answers

Which part of SWOT analysis focuses on factors that are favorable to achieving business objectives?

Strengths Signup and view all the answers

Mastering Accounting Equations

Choose a study mode

Podcast

Questions and Answers

If a company's assets are $100,000 and its liabilities are $50,000, what is its owner's equity?

Which of the following equations represents the relationship between assets, liabilities, and owner's equity?

What does SWOT stand for in SWOT analysis?

What is the result of subtracting liabilities from assets?

Which of the following best describes the purpose of SWOT analysis?

Which part of SWOT analysis focuses on factors that are favorable to achieving business objectives?

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