The Following Information Is Available for the Noir Detective Agency $\begin{array}{lr}\text { Net Loss } & \$ 17,600 \\\text { G. Noir, Capital } & 289,000 \\\text { G. Noir, Withdrawals } & 32,000\end{array}$

question 11

Multiple Choice

The following information is available for the Noir Detective Agency. After closing entries are posted, what will be the balance in the G. Noir, Capital account?
$\begin{array}{lr}\text { Net Loss } & \$ 17,600 \\\text { G. Noir, Capital } & 289,000 \\\text { G. Noir, Withdrawals } & 32,000\end{array}$

• A) $303,400.
• B) $289,000.
• C) $239,400.
• D) $274,600.
• E) $257,000.

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Definitions:

Efficiency

The property of a resource allocation of maximizing the total surplus received by all members of society.

Equality

The property of distributing economic prosperity uniformly among the members of society.

Decision Making

The cognitive process resulting in selecting a course of action among several alternatives.

Change Minds

The process of altering one's thoughts, opinions, or decisions based on new information or reconsideration.