Author Question: The resources owned by David's Spa and Salon total 148,000. The total amount of debt that it owes to ... (Read 128 times)

Alygatorr01285 · **on:** Jul 14, 2018

The resources owned by David's Spa and Salon total 148,000. The total amount of debt that it owes to others is 87,000. Which of the following about David's Spa and Salon is true?
A) Owners' equity is 87,000.
B) Owners' equity is 61,000.
C) Liabilities are 148,000.
D) Liabilities are 61,000.
E) Owners' equity is 235,000.

Question 2

A company that seeks to maintain a consistent image throughout the organization and focus on efficiency likely has:
A) customer departmentalization .
B) a flat organizational structure.
C) decentralized authority.
D) centralized authority.
E) product departmentalization .