On its June 30, 2015 balance sheet, Barrows Corporation has total assets of $100,000, current… 1 answer below »

On its June 30, 2015 balance sheet, Barrows Corporation has total assets of $100,000, current liabilities of $40,000, and owners' equity of $60,000.
Which one of the following statements must be true on June 30, 2015?

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