Doc's Ribhouse Had Beginning Equity of $52,000; Net Income of $35,000,and

question 45

Multiple Choice

Doc's Ribhouse had beginning equity of $52,000; net income of $35,000,and dividends of $12,000.There were no stockholder investments during the year.Calculate the ending equity.

• A)$(5,000).
• B)$29,000.
• C)$5,000.
• D)$99,000.
• E)$75,000.

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Definitions:

Twin-Study Method

A procedure for examining the role of genetics on personality in which pairs of monozygotic and dizygotic twins are compared.

Genetics

The study of heredity and the variation of inherited characteristics among living organisms.

Personality

Consistent behavior patterns and intrapersonal processes originating within the individual.

Monozygotic Twins

Twins that originate from a single fertilized egg, which then splits and develops into two genetically identical individuals.