Sawaddee Enterprises Began the Year with Total Assets of $450,000

question 49

Multiple Choice

Sawaddee Enterprises began the year with total assets of $450,000 and total liabilities of $230,000.If Sawaddee's total liabilities increased by $31,000 and its owners' equity decreased by $53,000 during the year,what was the amount of its total assets at the end of the year?

• A)$472,000
• B)$242,000
• C)$198,000
• D)$428,000

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Definitions:

Emotion Influence

The impact emotions have on cognitive processes and behaviors, including decision-making, creativity, and interpersonal relationships.

Need for Achievement

The motivation to reach a significantly challenging goal, overcome obstacles, and exert a high standard of success in one's endeavors.

McClelland

Refers to David McClelland, a psychologist known for his work on motivation, notably the theory of Needs which includes the need for achievement, power, and affiliation.

Homeostasis

The process by which a living organism or cell maintains stable conditions necessary for its survival, such as temperature and pH balance.