If a company has $50,000 of assets, which of the following could be true?
A. It has ?$50,000 in stockholders' equity and $100,000 in liabilities.
B. The company has fewer assets than it does liabilities.
C. It has $30,000 in liabilities and $80,000 in owners' equity.
D. The company has more owners' equity than assets.
E. It has $23,000 in owners' equity and $27,000 in liabilities.
Answer: E
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