Item$25$

$0\mathrm{.}68$points

Time Remaining $1$ hour $11$ minutes $30$ seconds

$01$:$11$:$30$

Item$25$

Time Remaining $1$ hour $11$ minutes $30$ seconds

$01$:$11$:$30$

A company reports the following in its balance sheet: Total assets of $$800,000$ and total liabilities of $$700,000.$ Which of the following is true?

Multiple Choice

Net income equals $$100,000.$

Total revenues equal $$1,500,000.$

Total expenses equal $$1,500,000.$

Total stockholders$$ equity equals $$100,000.$