Elston Company Compiled the Following Financial Information as of December

question 134

Multiple Choice

Elston Company compiled the following financial information as of December 31 2022: $$\begin{array} { l r } \text { Service revenue } & \$ 840,000 \\\text { Common stock } & 180,000 \\\text { Equipment } & 240,000 \\\text { Operating expenses } & 750,000 \\\text { Cash } & 210,000 \\\text { Dividends } & 60,000 \\\text { Supplies } & 30,000 \\\text { Accounts payable } & 120,000 \\\text { Accounts receivable } & 300,000 \\\text { Retained earnings, } 1 / 1 / 22 & 450,000\end{array}$$ Elston's assets on December 31 2022 are

• A)$1620000.
• B)$1230000.
• C)$750000.
• D)$780000.

---

Definitions:

Campus Life

The range of experiences and activities that define the lifestyle and social environment of students within a college or university setting.

Curriculum

A structured set of educational and training materials and content designed for teaching and learning.

Institution Size

The physical or numeric magnitude of an organization or establishment, often measured by area, population, or capacity.

Cultural Variation

Differences in beliefs, behaviors, and practices among various groups or societies due to cultural factors.