During 2011,Canton Company's Assets Increased $95,500 and Their Liabilities Decreased

question 25

Multiple Choice

During 2011,Canton Company's assets increased $95,500 and their liabilities decreased $17,300.Canton Company's stockholders' equity on December 31,2011 was $211,500.How much was stockholders' equity on January 1,2011?

• A)$98,700
• B)$324,300
• C)$133,300
• D)$289,700

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Definitions:

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The process of developing and implementing technical standards to ensure the compatibility, safety, and quality of products and services.

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A phenomenon where the value or utility a user derives from a good or service depends on the number of users of compatible products.

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