At the End of Its First Year of Operations, Shapiro's

question 8

Multiple Choice

At the end of its first year of operations, Shapiro's Consulting Services reported net income of
$27,000. They also had account balances of: Cash, $16,000; Office Supplies, $3,200; Equipment,
$24,000 and Accounts Receivable, $8,000. The owner's total investment for this first year was
$15,000 and the owner withdrew $2,000 for personal use.
What are the total liabilities of Shapiro's Consulting Services at the end of the first year of operations?

• A)$24,200
• B)$11,200
• C)$42,000
• D)$27,000

Recognize the importance of selecting appropriate nursing interventions like enema solutions for young children.

Acknowledge effective communication strategies and the psychological preparation of children for hospital procedures.

Understand infection control measures necessary in pediatric care settings.

Conduct appropriate sequential steps for inserting a nasogastric tube in pediatric patients.

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Definitions:

Rose

A type of flowering plant belonging to the genus Rosa, in the family Rosaceae, known for its beauty and fragrance; often symbolizes love and affection.

Doubled

Increased by 100 percent; made twice as large or numerous.

Quadrupled

Quadrupled in amount or worth.

Trade Deficit

A situation that occurs when a country imports more goods and services than it exports, resulting in a negative balance of trade.