Sawaddee Enterprises Began the Year with Total Assets of $450,000

question 195

Multiple Choice

Sawaddee Enterprises began the year with total assets of $450,000 and total liabilities of $230,000.If Sawaddee's total assets increased by $80,000 and its total liabilities increased by $57,000 during the year,what is the amount of Sawaddee's owners' equity at the end of the year?

• A)$197,000
• B)$543,000
• C)$243,000
• D)$220,000

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Definitions:

Listening

The active process of receiving and understanding messages communicated by others, involving attention and interpretation.

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The act of conveying thoughts, feelings, or information through verbal language.

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The act of looking directly into another person's eyes, which can communicate various emotions and intentions.

Kinesics

Study of human movement and gesture.