If the liabilities of a business are 85,000 and the owners' ...

[dmcintosh]

If the liabilities of a business are 85,000 and the owners' equity is 110,000, which of the following is a true statement?
 A) Assets equal 25,000.
  B) Assets equal 195,000.
  C) Assets equal 110,000.
  D) Assets equal 85,000.
  E) It is impossible to determine the value of the assets.

Question 2

Sherry, a sales representative, is placed in a group with an engineer from operations, a human resource specialist, and a financial manager, to develop new uses for the company's existing products. The company believes this form of collaboration will lead to increased innovation. This group is a:
 A) standing committee.
  B) task force.
  C) staff support team.
  D) cross-functional team.
  E) multifaceted work group.

[ynlevi]

Answer to Question 1

B

Answer to Question 2

D

[dmcintosh]

Thanks for the timely response, appreciate it

[okolip]

Gracias!