During 2007,a Company's Assets Rise $56,000 and Its Liabilities Rise

question 127

Multiple Choice

During 2007,a company's assets rise $56,000 and its liabilities rise $38,000.If no dividend is paid and no further capital is contributed,shareholders' equity would:

• A)rise $56,000.
• B)rise $18,000.
• C)fall $38,000.
• D)fall $94,000.

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Definitions:

Disadvantages

Negative or less favorable aspects, outcomes, or conditions that affect or impede someone or something.

Sympathetic Division

A part of the autonomic nervous system that activates what is often termed the fight or flight response.

Parasympathetic Division

A branch of the autonomic nervous system responsible for conserving energy and slowing down the body's responses.

Autonomic Nervous System

A part of the nervous system that controls involuntary functions of the body, such as heart rate, digestion, and respiratory rate.