The Flying High Company Recorded a Net Profit for the Year

question 45

Multiple Choice

The Flying High Company recorded a net profit for the year but paid no dividends. Comparing the balance sheet at the end of the year with the one at the beginning of the year, which of the following must be true?

• A) Current assets would be higher.
• B) Non-current assets would be higher.
• C) Liabilities would be higher.
• D) Shareholders' equity would be higher.

---

Definitions:

Best Chance

The most favorable or advantageous opportunity or possibility to achieve success or a desired outcome.

Job Opportunity

An available position of employment where an individual has the chance to apply for work that matches their skills and interests.

Approaching

The act of coming near or closer to something or someone in physical space or time.

Milgram Study

A psychological experiment conducted by Stanley Milgram which measured the willingness of study participants to obey an authority figure who instructed them to perform acts conflicting with their personal conscience.