On May 31 of the Current Year,the Assets and Liabilities

question 69

Multiple Choice

On May 31 of the current year,the assets and liabilities of Riser,Inc.are as follows: Cash $20,500; Accounts Receivable,$7,250; Supplies,$650; Equipment,$12,000; Accounts Payable,$9,300.What is the amount of equity as of May 31 of the current year?

• A)$49,700.
• B)$13,050.
• C)$20,500.
• D)$31,100.
• E)$40,400.

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Definitions:

Electrical Activity

The natural phenomena of electric charges movement, observed especially in biological contexts like brain and heart function.

EEG

A test that detects electrical activity in the brain using small, metal discs attached to the scalp.

Brain

The organ located within the skull that is the center of the nervous system in all vertebrates and most invertebrates, responsible for coordinating sensation, intellectual and nervous activity.

Pituitary Gland

A pea-sized gland located at the base of the brain that produces hormones regulating growth, blood pressure, and other important body functions.