1 . As of December 31, 2020, Apple Company has assets of Tk. 3,500 and equity of Tk. 2000. What are the liabilities for Apple Company as of December 31, 2020?

• A. Tk. 1,500
• B. Tk. 1,000
• C. Tk. 2,500
• D. Tk. 2,000

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Answer: Option A

Explanation: