Black Keys Company Began the Year with Stockholders' Equity of $280,000

question 172

Multiple Choice

Black Keys Company began the year with stockholders' equity of $280,000. During the year, the company recorded revenues of $375,000, expenses of $285,000, and paid dividends of $30,000. What was Black Keys' stockholders' equity at the end of the year?

• A) $280,000.
• B) $340,000.
• C) $370,000.
• D) $400,000.

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Definitions:

Psychogenic Amnesia

A type of amnesia caused by psychological factors rather than physical injury or disease, often resulting from traumatic events.

Repression

A defense mechanism in psychoanalytic theory where distressing thoughts and memories are unconsciously blocked from conscious awareness.

Mechanisms

The structures or processes that produce a particular effect or fulfill a function within a system.

Mathematical Ability

The capacity to understand, analyze, and apply mathematical concepts and principles.