The balance sheet for renuvation llc shows assets totaling $107,000 and liabilities totaling $75,000. which of the following statements is correct?
a. owner's equity equals $182,000.
b. current assets are worth $32,000.
c. net income for the period is $32,000.
d. owner's equity equals $32,000.

D. Owner's Equity equals $32,000.

Explanation:

In this, the accounting equation is used which is shown below:  

Total assets = Total liabilities + stockholder equity  

where,

Total assets is $107,000

And, the total liabilities is $75,000

Now put these values to the above formula  

So, the value would equal to

$107,000 = $75,000 + stockholder equity  

So, the stockholder equity would be

= $107,000 - $75,000

= $32,000

This accounting equation equates and balanced the balance sheet

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi