Stahl Consulting Started the Year with Total Assets of $60,000

question 158

Multiple Choice

Stahl Consulting started the year with total assets of $60,000 and total liabilities of $15,000.During the year, the business recorded $48,000 in catering revenues and $30,000 in expenses.Stahl issued stock of $9,000 and paid dividends of $15,000 during the year.Stockholders' equity changed by what amount from the beginning of the year to the end of the year?

• A)$3,000.
• B)$9,000.
• C)$12,000.
• D)$45,000.

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Definitions:

Technetium

A chemical element with symbol Tc and atomic number 43, notable for being the lightest element whose isotopes are all radioactive.

Noble Gases

A group of chemical elements with similar properties under standard conditions, including being odorless, colorless, monatomic gases with very low chemical reactivity.

Inert Gases

A group of gases which are non-reactive under a set of given conditions, including helium, neon, argon, krypton, xenon, and radon.

Atomic Symbols

Symbols assigned to elements based on their names, usually consisting of one or two letters, where the first letter is always capitalized.