GB 518 RANK Extraordinary Life/gb518rank.com GB 518 RANK Extraordinary Life/gb518rank.com | Page 42

Shareholders Customers Creditors Government regulators Line Supervisor
Question 9. 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 10. Question: A credit is used to record:

Represents the owners ' claims against

assets Question 8.

Question:

Internal users of accounting

information include:

Shareholders Customers Creditors Government regulators Line Supervisor

Question 9. 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 10. Question: A credit is used to record: