Complete the Balance Sheet

question 54

Multiple Choice

Complete the balance sheet.
-Clara's Secretarial Services: net worth $71,000; cash $39,000; accounts receivable $24,000; inventory $41,000; fixed assets $40,000; long-term notes $26,000; mortgages $10,000; accounts payable
$14,000; notes payable $23,000

• A)Assets: 39,000; 0; 24,000; 41,000; 104,000; 40,000; 144,000 Liabilities: 26,000; 14,000; 40,000; 10,000; 23,000; 33,000; 73,000 Owner's Equity: 71,000; 144,000
• B)Assets: 39,000; 0; 24,000; 41,000; 104,000; 40,000; 144,000 Liabilities: 23,000; 14,000; 37,000; 10,000; 26,000; 36,000; 73,000 Owner's Equity: 71,000; 144,000
• C)Assets: 39,000; 0; 24,000; 104,000; 41,000; 40,000; 144,000 Liabilities: 26,000; 14,000; 40,000; 10,000; 23,000; 33,000; 73,000 Owner's Equity: 71,000; 144,000
• D)Assets: 39,000; 0; 24,000; 41,000; 104,000; 40,000; 144,000 Liabilities: 26,000; 14,000; 40,000; 10,000; 23,000; 33,000; 71,000 Owner's Equity: 73,000; 144,000

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Definitions:

Death Rates

The frequency of deaths in a population over a specific period of time, usually expressed per thousand or hundred thousand persons per year.

Cancer

A disease characterized by the uncontrolled division of abnormal cells in a part of the body.

General Adaptation Syndrome

A theory describing the body's short-term and long-term reactions to stress, consisting of three stages: alarm, resistance, and exhaustion.

Tend-and-Befriend

A theory proposing that in response to stress, humans are biologically predisposed to seek out social contacts and create and maintain interpersonal relationships.