Marvin Services Corporation Had the Following Accounts and Balances

question 59

Multiple Choice

Marvin Services Corporation had the following accounts and balances: If the balance of the Buildings account was $42,000 and $3,000 of Accounts Payable were paid in cash, what would be the balance of the total stockholders' equity?

• A) $81,000
• B) $72,000
• C) $102,000
• D) $78,000

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Definitions:

Acceptable Behavior

Actions or conduct considered appropriate or within acceptable norms within a certain context or environment.

Organizational Cultures

The array of shared beliefs, practices, rituals, and values that characterize an organization, influencing its members' behavior and identity.

Identical

Exactly the same in every detail; not different in any way.

Multicultural Organization

Is a firm that values diversity but systematically works to block the transfer of societally based subcultures into the fabric of the organization.