Given the Following Adjusted Tabular Summary Amounts What Is the Amount of Total Assets on the Balance

question 93

Multiple Choice

Given the following adjusted tabular summary amounts: $\begin{array} { l r } \text { Cash } & \$ 831 \\\text { Accounts receivable } & 1,049 \\\text { Inventory } & 1,562 \\\text { Prepaid rent } & 43 \\\text { Equipment } & 150 \\\text { Accumulated depreciation-equipment } & 26 \\\text { Accounts payable } & 41 \\\text { Unearned service revenue } & 86 \\\text { Common stock } & 103 \\\text { Retained earnings } & 3,305 \\\text { Service revenue } & 159 \\\text { Interest revenue } & 28 \\\text { Salaries and wages expense } & 80 \\\text { Travel expense } & 33\end{array}$ What is the amount of total assets on the balance sheet?

• A)$3635
• B)$3609
• C)$3748
• D)$3722

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Definitions:

United States Labor Force

The total pool of individuals in the United States who are available to work, including both employed and unemployed people.

Downward Slide

A situation of continuous decline or deterioration over a period of time.

Labor Market Segmentation Theory

A theory suggesting that the labor market is divided into separate segments, based on demographic, industry, or job characteristics, leading to disparities in work conditions and pay.

Primary And Secondary Labor Markets

The division of the labor market into two sectors: the primary with stable, well-paid jobs with benefits, and the secondary characterized by lower wages, less stability, and fewer benefits.