Sawaddee Enterprises Began the Year with Total Assets of $450,000

question 42

Multiple Choice

Sawaddee Enterprises began the year with total assets of $450,000 and total liabilities of $230,000.If Sawaddee's total assets doubled to $900,000 and its owners' equity remained the same during the year, what was the amount of its total liabilities at the end of the year?

• A)$670,000
• B)$680,000
• C)$440,000
• D)$900,000

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Definitions:

Computer-Mediated Communication

The exchange of messages between individuals or groups through the use of digital platforms or devices.

360-Degree Feedback

A performance appraisal system where an employee is evaluated by feedback collected from their supervisors, peers, subordinates, and sometimes themselves.

Behavioural Competencies

The skills, knowledge, and personal attributes that are observable and measurable, which contribute to an individual's performance and success.

Suggestion System

A formal mechanism within an organization for soliciting ideas and improvements from employees.