During 2011, Its First Year of Operations, Yaspo's Bakery Had

question 98

Multiple Choice

During 2011, its first year of operations, Yaspo's Bakery had revenues of $80,000 and expenses of $44,000.The business paid dividends of $24,000.What is the amount of equity at December 31, 2011?

• A)$0
• B)$24,000 debit
• C)$12,000 credit
• D)$36,000 credit

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Definitions:

Syndiotactic Stereochemistry

A type of polymer stereochemistry where the substituents on the polymer chain alternate sides in a regular fashion.

Poly(vinyl Chloride)

A widely used synthetic plastic polymer, known by its abbreviation PVC, characterized by its strength, durability, and versatility in applications from piping to clothing.

Chain-growth Polymerization

A polymerization mechanism where monomers add to a reactive site on a growing polymer chain one at a time, leading to long polymer chains.

Maleic Anhydride

An organic compound that is the cyclic anhydride of maleic acid, used industrially in the production of polymers, resins, and as an intermediate in organic synthesis.