Chocolate Heaven, Inc

question 54

Multiple Choice

Chocolate Heaven, Inc. had a balance of $200 000 in shareholders' equity at the end of last year (i.e. 31 December) . During this year, the company recorded a net profit of $50 000, distributed dividends of $30 000, and borrowed $10 000. What was the company's shareholders' equity at the end of this year as at 31 December?

• A) $200 000
• B) $210 000
• C) $220 000
• D) $230 000

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Definitions:

Placebo

A substance or treatment with no active therapeutic effect, often used as a control in testing new drugs.

Premature Infants

Babies born before 37 weeks of gestation, requiring specialized care due to their underdeveloped bodies and organs.

Formula Feedings

The practice of feeding infants and young children milk formula as a substitute for or in addition to breastfeeding.

Breast-milk Feedings

The act of feeding an infant milk directly from the mother's breast or from the mother's expressed milk.