The Following Data on Alpha Products, Inc What Was the Percent Increase or Decrease in Net Property

question 122

Multiple Choice

The following data on Alpha Products, Inc. is available.
Alpha Products, Inc
Comparative Balance Sheet
December 31, 2013 and December 31, 2014
$\begin{array}{|l|r|r|}\hline&2014&2013\\\hline \text { Assets: } & & \\\hline \text { Cash } & \$ 45,100 & \$ 48,500 \\\hline \text { Accounts receivable, net } & 59,800 & 101,500 \\\hline \text { Merchandise inventory } & 150,900 & 171,600 \\\hline \text { Property, plant and equipment, net } & 710,500 & 808,800 \\\hline \text { Total assets } & \$ 966,300 & \$ 1,130,400 \\\hline\\\hline \text { Liabilities and stockholders' equity } & & \\\hline \text { Accounts payable } & \$ 108,200 & \$ 151,600 \\\hline \text { Notes payable (current) } & 70,000 & 70,00 \\\hline \text { Bonds payable } & 154,000 & 280,000 \\\hline \text { Common stock, } \$ 10 \text { par } & 420,000 & 420,000 \\\hline \text { Retained earnings } & 214,100 & 208,800 \\\hline \text { Total liabilities and stockholders' equity } & \$ 966,300 & \$ 1,130,400\\\hline\end{array}$
What was the percent increase or decrease in net property, plant and equipment from 2013 to 2014?

• A) 12.2% decrease
• B) 12.2% increase
• C) 13.8% increase
• D) 13.8% decrease

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Definitions:

Ubiquitin Tags

Small proteins attached to other proteins as a signal for degradation or modification, playing a key role in regulating protein levels and function within the cell.

Phytochrome

A pigment involved in the regulation of various plant processes, such as seed germination and responses to light and dark cycles.

Florigen

A plant hormone that promotes flowering, produced in the leaves and acts in the shoot apical meristem of buds and growing tips.

Phloem

The vascular tissue in plants responsible for the transport of nutrients, specifically sugars, from leaves to other parts of the plant.