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:

Conduction

The process through which heat or electricity is directly transmitted through a substance when there is a difference of temperature or electrical potential between adjoining regions, without movement of the material.

Geothermal Gradient

The rate at which temperature increases with depth into the subsurface.

Alpha Decay

A type of radioactive decay in which an atomic nucleus emits an alpha particle (2 protons and 2 neutrons), resulting in the formation of a new atom with a lower atomic number.

Heat Energy

A form of energy that is transferred between systems or objects with different temperatures, driving processes like evaporation and melting.