Topics, 100 Accounting Resources, 100 Lecture List
9. What is the equity total if assets are 100,000 and liabilities are 40,000?
a. 140,000
b. 60,000
c. 100,000
d. 40,000
e. 200,000
Recommendations – Write down the accounting equation. Plug in the number and use algebra to solve.
Answer
B
Over 5 more multiple choice test banks, 10 questions long and one test 67 questions long. Tests include PDF format of multiple choice test, multiple choice answers, a student answer key sheet, and instructor answer key sheet.
Test banks are also in the following formats for comparability with software and ease of use:
- Aken format text for Moodle and other)
- Blackboard
- GIFT format (Moodle, Adobe Captivate)