Choose the TRUE Statement

question 54

Multiple Choice

Choose the TRUE statement.

• A) A company with Net Income will also have a cash increase from operating activities.
• B) A company with Liabilities of $80,000 and Stockholders' equity of $50,000 will have Assets of $30,000.
• C) If a company has total revenues of $80,000, total expenses of $50,000 and dividends of $10,000, they will have net income of $20,000.
• D) A company with total stockholders' equity of $120,000 and $75,000 of contributed capital must have total