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.

---

Definitions:

Biodiversity

The assorted types of organisms found on Earth or within a distinct ecosystem or environment.

Ecosystems

Groups of living beings together with abiotic elements of their surroundings, functioning collectively as a cohesive unit.

Composition

The constitution or structure of something; in environmental context, it could refer to the make-up of ecosystems, pollution, or materials.

Inbreeding

The breeding of closely related individuals, which can lead to an increased chance of hereditary genetic disorders.