Assume 2011 Is the Company's First Year of Business and There

question 81

Multiple Choice

Assume 2011 is the company's first year of business and there were no dividends declared in 2011.
Determine the missing amounts,1.Expenses.2.Net income and 3.Liabilities,in the condensed income statement and balance sheet for the year ended December 31,2011.

• A)1)Expenses of $(100); 2.Net income of $200; 3.Liabilities of $500
• B)1)Expenses of $(200); 2.Net income of $500; 3.Liabilities of $1,500
• C)1)Expenses of $(200); 2.Net income of $100; 3.Liabilities of $500
• D)1)Expenses of $(500); 2.Net income of $200; 3.Liabilities of $500

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Definitions:

Intrusive Thoughts

Unwanted and often distressing thoughts, images, or ideas that suddenly appear in a person's mind.

Atypical Beliefs

Beliefs that deviate significantly from what is considered normal or culturally accepted.

Anxiety-Related Disorders

A group of mental health diagnoses that include excessive fear, anxiety, and related behavioral disturbances.

Distorted Beliefs

False or inaccurate beliefs that are often resistant to reason or facts.