Author Question: You are considering buying a business that has assets of 148,000. Owner's equity is shown as 45,000. ... (Read 118 times)

abern · **on:** Jun 24, 2018

You are considering buying a business that has assets of 148,000. Owner's equity is shown as 45,000. What is the amount of liabilities in that business?
A) 103,000
B) 93,000
C) 112,000
D) 108,000

Question 2

The market share of United Marine's main product increased 4 percentage points last year. If the share changed from 10 to 14 percent of the total market, what was the actual percent increase in the market share?
A) 28.6
B) 40
C) 71.4
D) 4