What Is the Amount of Total Assets at the End

question 43

Multiple Choice

What is the amount of total assets at the end of 2011?

• A) $16,800
• B) $16,500
• C) $21,600
• D) $23,500

---

Definitions:

Retained Earnings Statement

A report detailing changes in retained earnings, including net income and dividends, over a specific period.

Fiscal Year

A one-year period that companies and governments use for financial reporting and budgeting, not necessarily coinciding with the calendar year.

Treasury Stock

Treasury stock consists of shares that were issued and subsequently reacquired by the company, not retired but held in the company's treasury.

Paid-In Capital

The amount of money and other assets that shareholders have invested in the company in exchange for shares of stock.