Vista Camera Services Started the Year with Total Assets of $110,000

question 110

Multiple Choice

Vista Camera Services started the year with total assets of $110,000 and total liabilities of $45,000.The revenues and the expenses for the year amounted to $120,000 and $90,000,respectively.During the year,the company did not issue any common stock,but it distributed dividends of $50,000.What is the amount of stockholders' equity at the end of the year?

• A)$90,000
• B)$120,000
• C)$45,000
• D)$50,000

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Definitions:

Differentiation

The process of distinguishing or creating variations among people or things, often to cater to different needs or objectives.

Moral Exclusion

The process by which individuals or groups are perceived as outside the boundary within which moral values, rules, and considerations of fairness apply.

Agentic State

A psychological state where an individual sees themselves as an agent for carrying out another person's orders, often used to explain obedience to authority.

Morally Worthless

A term describing actions or entities that lack moral value or virtue, contributing nothing positive to ethical considerations.