Use the Following Information for Questions

question 94

Multiple Choice

Use the following information for questions.
The balances in Belfast Inc.'s shareholders' equity accounts at December 31, 2020 are: At this, time, a financial reorganization was approved. Equipment was written down $ 101,800, and inventory increased $ 5,800.
-What is the net increase in the deficit from revaluation of assets?

• A) $ 0
• B) $ 96,000
• C) $ 101,800
• D) $ 107,600

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Definitions:

Physical Characteristic

Refers to tangible attributes or features of an object, person, or system that can be observed or measured.

Media

Various means of communication and expression, including text, audio, video, and multimedia content.

Age

A measure of time that an entity or person has been alive or in existence, usually expressed in years.

Stream

A continuous flow of data or media that can be processed or played as it is received, often used in the context of video or audio content delivery over the internet.