Ashley's Accessory Shop Started the Year with Total Assets of $140,000

question 51

Multiple Choice

Ashley's Accessory Shop started the year with total assets of $140,000 and total liabilities of $80,000. During the year the business recorded $220,000 in revenues, $110,000 in expenses, and dividends of $40,000. The net income reported by Ashley's Accessory Shop for the year was

• A) $80,000.
• B) $100,000.
• C) $130,000.
• D) $110,000.

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Definitions:

Sexual Harassment

Unwanted or inappropriate sexual advances, remarks, or acts, typically in a workplace or other professional setting, that create a hostile or offensive environment.

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Individual beliefs and principles regarding what is right and wrong, guiding personal behavior and decision-making.

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A perspective on ethics that emphasizes fairness and the equitable distribution of benefits and burdens among individuals and groups.