Kenham Co Was Organized on April 1, 2022 $\quad \$ 12,400$

question 113

Multiple Choice

Kenham Co. was organized on April 1, 2022. The company prepares monthly financial statements. The adjusted trial balance amounts in the April 30 worksheet are shown below.

What will be total owner's equity in the April 30 balance sheet?

• A) \( \quad \$ 12,400 \)
• B) \( \quad \$ 13,000 \)
• C) \( \$ 16,790 \)
• D) \( \$ 17,390 \)

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Definitions:

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The situation in which one party engages in risky behavior knowing that it is protected against the risk because another party will bear the cost.

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Too Big to Fail

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