A Company's Trial Balance Included the Following Account Balances What Is the Amount of Total Assets on the Balance

question 151

Multiple Choice

A company's trial balance included the following account balances: $\begin{array}{lr}\text { Accounts Payable } & 19,207 \\\text { Accounts Receivable } & 81,336 \\\text { Cash } & 73,324 \\\text { Income Tax Payable } & 3,512 \\\text { Inventory } & 25,816 \\\text { Note Payable, due in two years } & 1,709 \\\text { Equipment } & 54,128 \\\text { Stockholders'Equity } & 202,808 \\\text { Supplies } & 5,512 \\\text { Wages Payable } & 12,880\end{array}$ What is the amount of Total Assets on the Balance Sheet?

• A)$240,116
• B)$214,300
• C)$442,924
• D)$480,232

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Definitions:

Genetically Similar

Describes organisms that share a high degree of similarity in their genetic makeup or DNA sequences.

Remained Isolated

The state in which a population or species has been geographically separated from others, leading to limited genetic exchange.

Gluteus Maximus

The largest and most superficial of the three gluteal muscles, situated in the buttocks, responsible for movement of the hip and thigh.

Enlarged

Refers to an increase in size or volume, commonly used to describe a change in physical dimensions of an object or organism.