Benedict Company Compiled the Following Financial Information as of December

question 130

Multiple Choice

Benedict Company compiled the following financial information as of December 31, 2017: $$\begin{array} { l r } \text { Service revenue } & \$ 1,120,000 \\\text { Common stock } & 240,000 \\\text { Equipment } & 320,000 \\\text { Operating expenses } & 1,000.000 \\\text { Cash } & 280,000 \\\text { Dividends } & 80,000 \\\text { Supplies } & 40,000 \\\text { Accounts payable } & 160,000 \\\text { Accounts receivable } & 120,000 \\\text { Retained earnings, } 1 / 1 / 17 & 600,000\end{array}$$ Benedict's assets on December 31, 2017 are

• A)$1,880,000.
• B)$1,360,000.
• C)$640,000.
• D)$760,000.

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Definitions:

HIV Infection

An infectious disease triggered by the human immunodeficiency virus that targets the immune system, potentially resulting in acquired immunodeficiency syndrome (AIDS).

Prevent Transmission

Measures taken to stop the spread of diseases from one person to another or among a population.

HIV

Human Immunodeficiency Virus, a virus that attacks the immune system and can lead to AIDS (Acquired Immunodeficiency Syndrome) if not treated.

Exchange Of Body Fluids

The transfer of bodily fluids from one individual to another, a primary means through which various infections and diseases are transmitted.