The Following Items Are Taken from the Financial Statements of the Postal

question 27

Multiple Choice

The following items are taken from the financial statements of the Postal Service for the year ending December 31, 2015: $\begin{array}{lr}\text { Accounts payable } & \$ 18,000 \\\text { Accounts receivable } & 11,000 \\\text { Accumulated depreciation - equipment } & 28,000 \\\text { Advertising expense } & 21,000 \\\text { Cash } & 15,000 \\\text { Common stock } & 42,000 \\\text { Dividends } & 14,000 \\\text { Depreciation expense } & 12,000 \\\text { Equipment } & 210,000 \\\text { Insurance expense } & 3,000\\\text { Note payable, due 6/30/16 } & 70,000 \\\text { Prepaid insurance (12-month policy) } & 6,000 \\\text { Rent expense } & 17,000 \\\text { Retained earnings (1/1/15) } & 60,000 \\\text { Salaries and wages expense } & 32,000 \\\text { Service revenue } & 133,000 \\\text { Supplies } & 4,000 \\\text { Supplies expense } & 6,000\end{array}$ What is total liabilities and stockholders' equity at December 31, 2015?

• A) $176,000
• B) $218,000
• C) $190,000
• D) $232,000

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Definitions:

Families Established

The process or event in which individuals come together to form a family unit, typically marked by marriage, birth, or adoption.

Bride's Family

The family of the bride, often involved in wedding traditions, customs, and potentially in providing a dowry or support for the wedding expenses.

Matrilateral Cross-cousin Marriage

A marital arrangement in which an individual marries a cousin from their mother's side, common in some societies as a strategy to maintain alliances.

Sexual Behavior

Activities related to physical intimacy and reproduction, varying widely across different species, including humans, and influenced by biological, psychological, and social factors.