At September 1, 2021, Promise Ring Co

question 9

Multiple Choice

At September 1, 2021, Promise Ring Co.reported stockholders' equity of $156,000. During the month, Promise Ring generated revenues of $38,000, incurred expenses of
$21,000, purchased equipment for $5,000 and paid dividends of $2,000.What is the amount of stockholders' equity at September 30, 2021?

• A)$166,000
• B)$171,000
• C)$173,000
• D)$176,000

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Definitions:

Crisis Management

Strategies and processes deployed by an organization to deal with a sudden and significant negative event.

Imminent

Something that is about to happen or likely to occur very soon.

Internalizing Messages

The process by which individuals accept and incorporate the ideologies, values, or attitudes presented to them by external sources.

Instructing Messages

Instructions communicated through various mediums intended to guide or direct behaviors or actions.