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Karla's Koffee shop has $70,000 in assets and $30,000 in liabilities. What is the owner's...

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Finance

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Karla's Koffee shop has $70,000 in assets and $30,000 in liabilities. What is the owner's equity? Multiple Choice O It is impossible to know the owner's equity as there is not enough information given O $100,000 $40,000 $50,000 Which of the following statements is not true of money? Multiple Choice Profits are one form of money. Money measures the value of both tangible and intangible items. ( ) Not all money is spendable. O One purpose of money is to keep track of wealth. When Tyree buys a new computer, he pays for it with a personal check. This is an example of using a Multiple Choice demand deposit cash equivalent commercial paper short-term debt. When examining debt worthiness, lenders eagerly loan money to Multiple Choice purchase capital equipment finance ongoing operations. bring the debt-to-equity ratio above 50 percent make up for financial failure

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