Which of the Following Statements About Financial Statement Information Is

question 73

Multiple Choice

Which of the following statements about financial statement information is correct?

• A) If a company has total revenues of $80,000, total expenses of $50,000 and dividends of $10,000, they will have net income of $20,000.
• B) A company with total stockholders' equity of $45,000 and total assets of $75,000 must have total liabilities of $120,000.
• C) A company with liabilities of $80,000 and stockholders' equity of $50,000 will have Assets of $30,000.
• D) A company with total stockholders' equity of $120,000 and common stock of $75,000 must have total retained earnings of $45,000.

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Definitions:

Radiographer

A healthcare professional who uses imaging techniques such as X-rays to diagnose and sometimes treat diseases.

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A healthcare professional trained to perform diagnostic tests, assist with procedures, and provide technical support in medical settings.

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A healthcare professional specialized in administering radiation treatment to patients with cancer and other diseases.

Nursing Assistant

A healthcare professional trained to assist nurses and provide basic care to patients in various medical settings.