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:

Stakeholders

Individuals or groups that have an interest or concern in an organization's activities and outcomes, including employees, customers, suppliers, and shareholders.

Stockholders

Individuals or entities that own shares in a corporation, giving them a claim on part of the company's assets and earnings.

Culturally Diverse

Being culturally diverse refers to an environment or society inclusive of multiple cultural traditions, backgrounds, and practices, which is often seen as enriching and beneficial for collective growth and learning.

U.S. Workforce

The population of working individuals in the United States, including both employed and unemployed persons actively seeking work.