A Company Started the Current Year with Assets of $700,000

question 83

Multiple Choice

A company started the current year with assets of $700,000, liabilities of $350,000 and common stock of $200,000.During the current year, assets increased by $400,000, liabilities decreased by $50,000 and common stock increased by $275,000.There was no payment of dividends to owners during the year.
-Use the information above to answer the following question.What was the amount of the change in total stockholders' equity during the year?

• A) $350,000 increase
• B) $450,000 increase
• C) $250,000 increase
• D) $200,000 increase

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Definitions:

Immobile

Unable to move or be moved, often in the context of patients who are bedridden or have severely restricted mobility.

Haloperidol

An antipsychotic medication used to treat schizophrenia, acute psychotic states, and delirium by affecting certain substances in the brain.

Diphenhydramine

An antihistamine drug used to treat allergic reactions, insomnia, and motion sickness, also known for its sedative properties.

Stiffly Fixed Position

Describes a physical state or condition where movement is restricted or a posture is maintained rigidly without flexibility.