At the Beginning of the Fiscal Year, the Balance Sheet

question 13

Multiple Choice

At the beginning of the fiscal year, the balance sheet showed assets of $1,364 and stockholders' equity of $836. During the year, assets increased $74 and liabilities decreased $38. Stockholders' equity at the end of the year totaled:

• A) $836
• B) $872
• C) $948
• D) $1,438

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Definitions:

Curve

A graphical representation showing the relationship between two or more variables on a coordinate plane.

Positively Related

A relationship between two variables where an increase in one variable is associated with an increase in the other.

Value

The importance, worth, or usefulness of something, often determined by its desirability and utility.

Up

A direction or trend indicative of progress, increase, or improvement.