Elston Company Compiled the Following Financial Information as of December

question 105

Multiple Choice

Elston Company compiled the following financial information as of December 31, 2017: $$\begin{array} { l r } \text { Service revenue } & \$ 840,000 \\\text { Common stock } & 180,000 \\\text { Equipment } & 240,000 \\\text { Operating expenses } & 750,000 \\\text { Cash } & 210,000 \\\text { Dividends } & 60,000 \\\text { Supplies } & 30,000 \\\text { Accounts payable } & 120,000 \\\text { Accounts receivable } & 90,000 \\\text { Retained earnings, } 1 / 1 / 17 & 450,000\end{array}$$ Elston's assets on December 31, 2017 are

• A)$1,410,000.
• B)$1,020,000.
• C)$480,000.
• D)$570,000.

---

Definitions:

Quality Workforce

A workforce that possesses the skills, competencies, and attitudes necessary to perform their roles effectively and contribute to the organization's success.

Independent Unions

Independent unions refer to labor unions that are not affiliated with any larger national or international federation, focusing on representing the interests of employees within a specific organization or industry.

Industrial Relations

The study and management of employer-employee relationships, encompassing issues such as collective bargaining, labor law, and workplace disputes.

Company-Based Unions

Labor unions that are organized within a single company or organization, representing the interests of its employees.