Vista Camera Services Started the Year with Total Assets of $80,000

question 16

Multiple Choice

Vista Camera Services started the year with total assets of $80,000 and total liabilities of $40,000.The revenues and the expenses for the year amounted to $120,000 and $70,000,respectively.During the year,the company did not issue any common stock,but it distributed dividends of $60,000.
-What is the amount of stockholders' equity at the end of the year?

• A)$70,000
• B)$120,000
• C)$30,000
• D)$60,000

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Definitions:

Abnormal Behavior

Actions, thoughts, or emotions that deviate significantly from the norm within a culture or society, potentially interfering with personal function.

DSM-IV

The Diagnostic and Statistical Manual of Mental Disorders, Fourth Edition, a guideline published by the American Psychiatric Association that classifies and defines mental disorders.

Clinical Disorders

Clinical disorders refer to patterns of behavioral, psychological, or biological dysfunctions that are associated with distress or impaired functioning.

DSM-IV

The fourth edition of the Diagnostic and Statistical Manual of Mental Disorders, a standardized classification manual used by mental health professionals to diagnose mental disorders.