Carl Industries Has Condensed Balance Sheets as Shown -
Refer to the Information for Carl Industries

question 80

Multiple Choice

Carl Industries has condensed balance sheets as shown:
$\begin{array}{|l|l|l|l|}\hline & 2011 & 2010 & 2009 \\\hline \text { Assets: } & & & \\\hline \text { Curent assets } & \$ 55,000 & \$ 56,500 & \$ 70,000 \\\hline \text { Plant \& equipment net } & 495,000 & 410,000 & 440,000 \\\hline \text { Intangible assets, net } & 20,000 & 27,500 & 40,000 \\\hline\text { Total assets } & \$ 570,000 & \$ 494,000 & \$ 550,000 \\\hline & & & \\\hline \text { Liabilities \& Stckckolders' Equity: } & & & \\\hline \text { Curent liabilities } & \$ 40,000 & \$ 35,000 & \$ 32,500 \\\hline \text { Long term liabilities } & 395,000 & 310,000 & 375,000 \\\hline \text { Stoclcholders' equity } & 135,000 & 149,000 & 142,500 \\\hline\text { Total liabilities \& equity }& \$ 570,000 & \$ 494,000 & \$ 550,000 \\\hline & & &\end{array}$
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Refer to the information for Carl Industries. In a percentage change balance sheet over the period of 2009 to 2011, what is the change in long-term liabilities?

• A) 94.7%
• B) 15.4%
• C) 5.3%
• D) 100%

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Definitions:

Prejudice

A negative prejudgment about a person or group that is irrational, long-lasting, and not based on fact.

Assimilation

The process through which individuals or groups adopt the cultural norms of another group, often losing their original identity or culture.

Cultural Identities

The identity or feeling of belonging to a group, influenced by one’s culture, encompassing language, traditions, customs, and shared beliefs.

Racial Diversity

The inclusion of individuals representing more than one national, cultural, or ethnic background within a community or organization.