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

question 25

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. Stockholders' equity at the end of the year was

• A) $120,000.
• B) $110,000.
• C) $130,000.
• D) $70,000.

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Definitions:

Independent Variable

A variable in an experiment or model that is manipulated or changed to observe its effect on a dependent variable.

Dependent Variable

The variable in an experiment or study that is expected to change in response to changes in the independent variable.

Horizontal Axis

In a graph or chart, the x-axis, typically representing time or some independent variable.

Independent Variable

In an experiment or study, the variable that is manipulated to observe its effect on the dependent variable.