Use the Following Information for Questions

question 41

Multiple Choice

Use the following information for questions
Carla's Computer Repair Shop started the year with total assets of $360,000 and total liabilities of $240,000.During the year, the business recorded $600,000 in computer repair revenues, $340,000 in expenses, and the company paid dividends of $60,000.
-Equity at the end of the year was

• A)$320,000.
• B)$300,000.
• C)$380,000.
• D)$260,000.

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Definitions:

Concise Language

The use of few words without sacrificing clarity or detail, making the message clear and straightforward.

Parallelism

The use of components in a sentence that are grammatically the same or similar in construction, sound, meaning, or meter.

Consistency

The quality of always behaving or performing in a similar way, or of always happening in the same way.

Consistency

The quality of achieving a level of performance or the adherence to a pattern or standard without significant variation.