Mofro's Computer Repair Shop Started the Year with Total Assets

question 185

Multiple Choice

Mofro's Computer Repair Shop started the year with total assets of $300,000 and total liabilities of $200,000. During the year, the business recorded $500,000 in computer repair revenues, $300,000 in expenses, and Mofro paid dividends of $50,000. Mofro's stockholders' equity changed by what amount from the beginning of the year to the end of the year?

• A) $100,000.
• B) $150,000.
• C) $200,000.
• D) $250,000.

---

Definitions:

Heart Contractions

The process by which the heart muscle contracts or tightens, leading to the pumping of blood through the chambers of the heart and into the body.

Deoxygenated Blood

Blood carrying little to no oxygen, typically returning to the heart and lungs for re-oxygenation.

Venules

Small blood vessels that carry blood from the capillaries towards the veins.

Capillaries

Tiny blood vessels that connect arteries and veins, facilitating the exchange of water, oxygen, carbon dioxide, and many other nutrients and waste substances between blood and tissues.