A Company Reported Total Equity of $145,000 on Its December

question 184

Multiple Choice

A company reported total equity of $145,000 on its December 31,2013,balance sheet.The following information is available for the year ended December 31,2014: What are the total assets of the company at December 31,2014?

• A)$45,000
• B)$92,000
• C)$190,000
• D)$210,000
• E)$282,000

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Definitions:

Irritates

Causes annoyance or discomfort to someone.

External Audience

Individuals or groups outside of an organization who are potential or actual recipients of communication from that organization.

Corporate Accountant

A professional responsible for managing and reporting a company’s financial information, including tax obligations, budgeting, and financial analysis.

Vice-President

A high-ranking executive in a company or organization, typically below the president, responsible for specific duties and departments.