Stahl Consulting Started the Year with Total Assets of $60,000

question 228

Multiple Choice

Stahl Consulting started the year with total assets of $60,000 and total liabilities of $15,000. During the year, the business recorded $48,000 in catering revenues and $30,000 in expenses. Stahl issued stock of $9,000 and paid dividends of $15,000 during the year. The stockholders' equity at the end of the year was

• A) $33,000.
• B) $54,000.
• C) $57,000.
• D) $63,000.

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Definitions:

Ambiguous Words

Words that have more than one interpretation, meaning, or usage, leading to uncertainty or vagueness.

Functions

Mathematical concepts that describe the relationship between a set of inputs and a set of possible outputs, where each input is related to exactly one output.

Language

A system of communication that involves a set of arbitrary symbols.

Formal Ceremony

An official event conducted with established protocols and rituals, often marking significant occasions or achievements.