Use the Following Information for Questions

question 171

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.
-Total equity changed by what amount from the beginning of the year to the end of the year?

• A)$60,000.
• B)$260,000.
• C)$120,000.
• D)$200,000.

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Definitions:

Social Loafing

The phenomenon where individuals exert less effort to achieve a goal when they work in a group than when they work alone.

Nominal Groups

A technique involving individuals working independently on idea generation before coming together as a group to discuss and evaluate these ideas.

Brainstorming Teams

Groups specifically formed to generate a wide range of ideas and solutions for specific problems or challenges in a nonjudgmental environment.

Flexibility

The capability to adapt to new, different, or changing requirements in an environment or situation.