At the Beginning of 2014, a Corporation Had Assets of $270,000

question 118

Multiple Choice

At the beginning of 2014, a corporation had assets of $270,000 and liabilities of $160,000. During 2014, assets increased $25,000 and liabilities increased $5,000. What was stockholders' equity on December 31, 2014?

• A) $140,000.
• B) $130,000.
• C)$190,000.
• D)$80,000.

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Definitions:

Primary Appraisal

The initial evaluation process in which an individual assesses the significance of a stressor as neutral, positive, or stressful.

Cortisol

A steroid hormone released by the adrenal glands in response to stress and low blood-glucose concentration, playing a vital role in the body's stress response and affecting immune responses.

Inflammation

The body's natural response to injury or infection, leading to redness, warmth, swelling, and sometimes pain at the affected site.

ACTH

Adrenocorticotropic hormone, a hormone produced by the pituitary gland that stimulates the adrenal glands to release cortisol, important for stress response.