If a Company's Total Assets Increased While Liabilities and Common

question 134

Multiple Choice

If a company's total assets increased while liabilities and common stock were unchanged,then

• A)revenues were greater than expenses.
• 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.

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Definitions:

Employment of Labor

The engagement and utilization of human labor force in the production process, encompassing hiring practices, workforce management, and employment policies.

Perfect Competitor

A firm in a perfectly competitive market where it is a price taker and has no control over the market price of its product.

Imperfect Competitor

A firm or entity that has some control over the market price of its product because it does not operate in a perfectly competitive market.

Perfect Competitor

A theoretical market structure where many firms offer identical products, firms are price takers, and there are no barriers to new firms entering the market.