Question: QUESTION 4 10 points Save Answer Under which condition is it possible for owners' equity to be negative? a. Owners' equity will be negative when

QUESTION 4 10 points Save Answer Under which condition is it

QUESTION 4 10 points Save Answer Under which condition is it possible for owners' equity to be negative? a. Owners' equity will be negative when the value of the assets is greater than the value of the business' liabilities. Ob. D Because of loss, damage or depreciation, the money that a business could get by selling its assets is less than the total amount of money that it owes .Owners' equity will be negative when the value of the assets is greater than the value of the business' loans, debts and other obligations d. It is not possible for owners' equity to be negative QUESTION 5 10 points Save Answer Which term is used to identify the assets that can be or will be converted into cash within the next year? a quick assets b. quick ratio ??. high-liquidity assets d. short term assets e.current assets

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