Jay Corporation Has Earned $175,900 After Tax

question 28

Multiple Choice

Jay Corporation has earned $175,900 after tax. The accountant calculated the return on equity as 12.5%. Jay Corporation's stockholders' equity to the nearest dollar is:

• A)$140,720
• B)$14,720
• C)$1,407,200
• D)$140,720,000
• E)None of these

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Definitions:

Antigen

A substance that, when introduced into the body, triggers an immune response.

Antibody

A protein produced by the immune system to identify and neutralize foreign objects like bacteria and viruses.

Antibody

A protein produced by the immune system that recognizes and binds to foreign substances (antigens) to neutralize them.

Antigen

A substance that when introduced into the body stimulates an immune response, especially the production of antibodies.