A Company's Total Assets Increased During the Period While Its

question 4

Multiple Choice

A company's total assets increased during the period while its liabilities and common stock were unchanged.No dividends were declared or paid during the period.Which of the following would explain this situation?

• A)Revenues were greater than expenses during the period.
• B)Retained earnings were less than net income during the period.
• C)No dividends were paid during the period.
• D)The company must have purchased assets with cash during the period.

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Definitions:

Podium

A small platform on which a person may stand to be seen by an audience, as when making a speech or conducting an orchestra.

Traction

The demonstration of a company's progress or customer acceptance, often used by startups to indicate growth and potential to investors.

Accomplishment Statement

A summary or statement that clearly describes the achievements and impact of an individual's work, often used in resumes or professional profiles.

Questions And Answers

A format or process where inquiries are made, and responses are given to clarify, inform, or solve queries.