GB 518 Course Great Wisdom / tutorialrank.com GB 518 Course Great Wisdom / tutorialrank.com | Page 29

Question 15. Question :
A company has twice as much owner's
equity as it does liabilities. If total liabilities are $50,000, what
amounts of assets are owned by the company?

$50,000

$100,000

$150,000

$200,000

Question 16. Question :
is to:

The main purpose of adjusting entries

Record external transactions and events