Which of the following is a FALSE statement?
A)Total Assets are $1,929,800.
B)Total Stockholders' equity is $1,130,260.
C)Long-term liabilities are $130,260.
D)The amount of current assets is 2.5 times the amount of current liabilities.

Question

Quizplus · Accepted Answer

According to the information provided, long-term liabilities are not given, so it is impossible to determine the value of $130,260 for long-term liabilities, making statement C false.

Which of the Following Is a FALSE Statement