You Have Been Provided the Following Information About High Inc

question 24

Multiple Choice

You have been provided the following information about High Inc. $\begin{array}{lll}\text { (in thousands of dollars) }&2005&2006\\\text { Current assets } & \$ 158 & \$ 163 \\\text { Long-term assets } & \$ 453 & \$ 502 \\\text { Current liabilities } & \$ 102 & \$ 143 \\\text { Long-term liabilities } & \$ 302 & \$ 348 \\\text { Net income } & \$ 32 & \$ 42\end{array}$
-Owner's equity for 2006 is:

• A)$20,000.
• B)$154,000.
• C)$174,000.
• D)$207,000.

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Definitions:

ADLs

Activities of Daily Living, which are routine activities people do every day without assistance, such as eating, bathing, dressing, and moving around.

Eating

The act of consuming food.

Bathing

The act of washing oneself or another, typically in a container filled with water, such as a bathtub or shower.

Older Couples

Partners in a significant relationship, typically romantic, who are in the later stages of adulthood or elderly.