Which of the Following Is Not True About the Financial

question 4

Multiple Choice

Which of the following is not true about the financial statements of Dudley Do-Right Repair Shop?

• A) The balance sheet at December 31 will show Total Liabilities of $10,500.
• B) The balance sheet at December 31 will show Retained earnings of $68,700.
• C) The Income Statement for the year will not include the dividends of $48,000.
• D) The Income Statement for the year will show Total Revenue of $175,000.

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Definitions:

Marketing Activities

Encompasses various actions and strategies companies employ to promote and sell their products or services, including advertising, sales promotions, and public relations.

B2B

Business-to-Business, a model involving the exchange of products, services, or information between businesses, rather than between businesses and consumers.

B2C

Business-to-Consumer, a model where businesses sell products or services directly to individual consumers.

C2C

Consumer-to-Consumer (C2C) refers to transactions conducted between two consumers, typically facilitated by a third-party platform such as online marketplaces.