At the End of Last Year,the Company's Assets Totaled $430,000

question 105

Multiple Choice

At the end of last year,the company's assets totaled $430,000 and its liabilities totaled $370,000.During the current year,the company's total assets increased by $29,000 and its total liabilities increased by $12,000.At the end of the current year,stockholders' equity was:

• A)$77,000.
• B)$60,000.
• C)$17,000.
• D)$89,000.

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Definitions:

Group Development

The stages that a group goes through from its formation to achieving high levels of performance and cohesion.

Consultative Leaders

Leaders who tend to delegate authority and confer with others in making decisions, but who makes the actual decisions independently.

Conformity

The act of matching attitudes, beliefs, and behaviors to group norms, policies, or societal expectations.

Creativity

Creativity is the ability to produce original, diverse, and valuable ideas or solutions.