Stahl Consulting Started the Year with Total Assets of $60,000

question 130

Multiple Choice

Stahl Consulting started the year with total assets of $60,000 and total liabilities of $15,000. During the year, the business recorded $48,000 in catering revenues and $30,000 in expenses. Stahl issued stock of $9,000 and paid dividends of $15,000 during the year. Stockholders' equity changed by what amount from the beginning of the year to the end of the year?

• A) $3,000.
• B) $9,000.
• C) $12,000.
• D) $45,000.

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Definitions:

Babysitter's House

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Logical Thought Processes

The rational and coherent consideration and application of information to arrive at conclusions or solve problems.

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Glasses that are exactly the same in appearance and specifications.

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This stage in Piaget's theory of cognitive development describes children aged 7-12 years becoming capable of logical thought processes but still struggling with abstract concepts.