At the Beginning of 2010,a Corporation Had Assets of $270,000

question 60

Multiple Choice

At the beginning of 2010,a corporation had assets of $270,000 and liabilities of $160,000.During 2010,assets increased $25,000 and liabilities increased $5,000.What was stockholders' equity on December 31,2010?

• A)$140,000
• B)$130,000
• C)$190,000
• D)$80,000

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Definitions:

Grazing Food Chain

A flow of energy to a straight-line linking of organisms according to who eats whom.

Photosynthetic Organisms

Organisms that convert light energy into chemical energy through the process of photosynthesis, including plants, algae, and certain bacteria.

Primary Consumers

Organisms, typically herbivores, that feed directly on producers (plants) in the food chain.

Complex Food Web

An intricate network of interrelated food chains in an ecosystem, illustrating how different species are connected through feeding relationships.