Green Valley Ltd. is a company that specializes in reforestation.  The company has cash assets of $80,000 and liabilities of $30,000.  Green Valley Ltd. pays off the $30,000 of debt.  Green Valley Ltd. borrows another $30,000 and uses the money to buy baby trees.  At this point the equity is   A. $50,000.00   B. $80,000.00   C. The answer is not available from this list of choices   D. $60,000.00   E. $90,000.00

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Green Valley Ltd. is a company that specializes in reforestation.  The company has cash assets of $80,000 and liabilities of $30,000.  Green Valley Ltd. pays off the $30,000 of debt.  Green Valley Ltd. borrows another $30,000 and uses the money to buy baby trees.  At this point the equity is

  A.

$50,000.00

  B.

$80,000.00

  C.

The answer is not available from this list of choices

  D.

$60,000.00

  E.

$90,000.00

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