Question: Last weekend you were at a party when a guy walked up and introduced himself as Tony. Tony began to brag about how he started

Last weekend you were at a party when a guy walked up and introduced himself as Tony. Tony began to brag about how he started his own business and how even though he has only been operating for a year he has $180,000 in assets. During his introduction he also indicated that his business currently owes creditors $164,000 for inventory, a used delivery truck, and a small warehouse. While Tony's efforts may be forthright and noble, how much equity does Tony currently have in his own business?

	A.	$356,000
	B.	$16,000
	C.	$164,000
	D.	$4,000

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