On January 1 of the Current Year,Jimmy's Sandwich Company Reported

question 61

Multiple Choice

On January 1 of the current year,Jimmy's Sandwich Company reported total stockholders' equity of $122,500.During the current year,total revenues were $96,000 while total expenses were $85,500.Also,during the current year the company paid $20,000 in dividends.No other changes in equity occurred during the year.The change in total equity during the year was:

• A)A decrease of $9,500.
• B)An increase of $9,500.
• C)An increase of $30,500.
• D)A decrease of $30,500.
• E)An increase of $73,500.

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Definitions:

Chronic Obstructive Pulmonary Disease

A group of lung conditions that cause breathing difficulties and airflow obstruction, including emphysema and chronic bronchitis.

Respiratory System

The system of organs responsible for taking in oxygen and expelling carbon dioxide in living organisms.

Thrombophlebitis

Inflammation of a vein accompanied by the formation of blood clots within the vein.

Cardiovascular System

The body system comprising the heart and blood vessels, responsible for circulating blood and transporting nutrients and oxygen throughout the body.