If the assets of Marco's Pet Store are $107,000 and the owners' equity is $75,000, which of the following is a correct statement?

A. The owners' investment equals $182,000.
B. The current assets are worth $32,000.
C. The new income for the period is $32,000.
D. The long-term liabilities are $75,000.
E. The liabilities are $32,000.


Answer: E

Business

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