On January 1,2018,Yukon Inc

question 83

Multiple Choice

On January 1,2018,Yukon Inc.,had assets of $156,000 and shareholders's equity of $88,000.During the year assets increased by $35,000 and shareholders's equity decreased by $27,500.What were the liabilities on December 31,2018?

• A)$7,500.
• B)$68,000.
• C)$130,500.
• D)$251,500.

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Definitions:

Closer

Positioned near or nearer to the end of a process, sequence, or lifecycle, often implying a role in concluding or finalizing.

Body Structure

The physical and anatomical makeup of a living organism, including its organs, tissues, and cells.

Cells

The basic structural, functional, and biological units of all living organisms, serving as the building blocks of life.

Semipermeable Membrane

A type of barrier that allows certain molecules or ions to pass through it by diffusion and occasionally specialized "facilitated diffusion."