Author Question: If assets of Martin's Pet Store are 107,000 and owners' equity is 75,000, which of the following is ... (Read 47 times)

mydiamond · **on:** Jul 14, 2018

If assets of Martin's Pet Store are 107,000 and owners' equity is 75,000, which of the following is a true statement?
A) The liabilities are 182,000.
B) The current assets are worth 32,000.
C) The new income for the period is 32,000.
D) The long-term liabilities are 75,000.
E) The liabilities are 32,000.

Question 2

In an organization with a _____, a manager is most likely to spend considerable time supervising and working with each person on his or her team.
A) narrow span of management and tall organizational height
B) narrow span of management and flat organizational height
C) wide span of management and tall organizational height
D) wide span of management and flat organizational height
E) low administrative costs and clear communication