The Cheese Shoppe's liabilities total 59,000 and its owners' ...

[appyboo]

The Cheese Shoppe's liabilities total 59,000 and its owners' equity is 124,000. Which of the following is true?
 A) The total assets equal 65,000.
  B) The firm's assets are 124,000.
  C) The current liabilities are less than the current assets.
  D) The total assets equal 183,000.
  E) The firm's sales are 183,000.

Question 2

Which of the following is most characteristic of line structure in an organization?
 A) Flexibility that allows an organization to adjust quickly
  B) Raises morals and nurtures creativity
  C) Teams that may be temporary or disbanded upon an accomplished mission
  D) Educated decision making with expert advice from outside sources
  E) Quick decision making and clear lines of communication

[Ksanderson1296]

Answer to Question 1

D

Answer to Question 2

E