Use the Following Information for Questions
EI Greco Corporation

question 130

Multiple Choice

Use the following information for questions
EI Greco Corporation began operations on January 1, 2011.Presented below is selected information related to EI Greco at December 31, 2011. $$\begin{array} { l r l r } \text { Equipment } & € 145,000 & \text { Utilities Expense } & € 18,000 \\\text { Cash } & 42,000 & \text { Accounts Receivable } & 41,000 \\\text { Service Revenue } & 324,000 & \text { Wages Expense } & 121,000 \\\text { Rent Expense } & 39,000 & \text { Notes Payable } & 48,000 \\\text { Accounts Payable } & 22,000 & \text { Dividends } & 45,000 \\\text { Share Capital } & 84,000 & \text { Wages Payable } & 8,000 \\\text { Supplies } & 15,000 & \text { Advertising Expense } & 20,000\end{array}$$
-The statement of financial position at December 31, 2011 reports total liabilities of

• A) \(€ 30,000\)
• B) \(€ 60,000\)
• C) \(€ 78,000\)
• D) \(€ 119,000\)

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Definitions:

Selector Switch

A switch that allows the user to select between multiple options or circuits within an electrical or electronic device.

Pushbutton

A simple switch mechanism for controlling some aspect of a machine or a process.

Ladder Rung Notes

Annotations added to the rungs of a ladder diagram to provide information or instructions.

Motor Control Notes

Documentation or information related to the operation, design, and troubleshooting of motor control systems.