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

question 130

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.The net income reported by Stahl Consulting for the year was:

• A)$3,000.
• B)$12,000.
• C)$18,000.
• D)$27,000.

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Definitions:

Sampling Distribution

The distribution of a statistic (such as the mean or variance) derived from a large number of samples of a specific size from a particular population.

Sample Proportion

The ratio of members in a sample exhibiting a particular attribute to the total sample size, often expressed as a percentage.

Standard Deviation

An indicator of the degree of spread or divergence from the average in a collection of data, showing the extent to which the data points vary from their average value.

Sample Mean

The average value of the observations in a sample, used as an estimate of the population mean, calculated by summing all observations and dividing by the number of observations.