Which one is not belongs to liability? A.Mobile Phone Bill B.Bank Loan C.Bank Balance D.Owed to Friends 2. Mr.W has current assets of $500 and total assets of $1500. ABC has current liabilities of $300 and total liabilities of $800. What is the amount of ABC's owner's equity? A.200 B.700 C.900 C.800 3.Which of the following would normally be a current liability? A. Note Payable Due In Two Years B. Unearned Revenue

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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1. Which one is not belongs to liability? A.Mobile Phone Bill B.Bank Loan C.Bank Balance D.Owed to Friends 2. Mr.W has current assets of $500 and total assets of $1500. ABC has current liabilities of $300 and total liabilities of $800. What is the amount of ABC's owner's equity? A.200 B.700 C.900 C.800 3.Which of the following would normally be a current liability? A. Note Payable Due In Two Years B. Unearned Revenue
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