ECONOMICS
Multiple Choice
Suppose you own a proprietorship that is in serious financial difficulty. The assets of the company are $100,000, but liabilities are $175,000. You also have, however, stock in General Motors worth $200,000. If you file bankruptcy, what amount of personal assets do you stand to lose?
a.$100,000
b.$75,000
c.$200,000
d.$275,000
e.$375,000
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