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.

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Definitions:

Company's Credibility

The perception of a company as trustworthy and reliable by its stakeholders, including customers, investors, and the general public.

Dark Side

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Public Relations

An approach to communication focused on establishing rewarding relationships between organizations and their respective publics.

Social Media

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