Misra Company Compiled the Following Financial Information as of December

question 165

Multiple Choice

Misra Company compiled the following financial information as of December 31, 2015: $$\begin{array} { l r } \text { Revenues } & \$ 340,000 \\\text { Retained earnings } ( 1 / 1 / 15 ) & 60,000 \\\text { Equipment } & 80,000 \\\text { Expenses } & 250,000 \\\text { Cash } & 90,000 \\\text { Dividends } & 20,000 \\\text { Supplies } & 10,000 \\\text { Accounts payable } & 40,000 \\\text { Accounts receivable } & 70,000 \\\text { Common stock } & 80,000\end{array}$$ Misra's stockholders' equity on December 31, 2015 is

• A) $90,000.
• B) $140,000.
• C) $210,000.
• D) $250,000.

---

Definitions:

Cultural Awareness

The recognition and understanding of the differences and similarities between cultures, enhancing communication and interaction.

Practical Skills

Abilities acquired through practice and hands-on experience that are directly applicable to specific tasks or jobs.

Multidimensional Trait

A characteristic that encompasses multiple facets or aspects of an individual's personality, ability, or behavior.

Communicating

The process of sharing information, thoughts, or feelings between individuals or groups, through various modes such as speech, writing, or gestures.