Crusoe Waterworks Corporation Provides Plumbing Services

question 145

Multiple Choice

Crusoe Waterworks Corporation provides plumbing services.Transactions of Crusoe Waterworks during the first year of operations are given below.
a) Received $4,000 cash and issued common stock to Robinson.
b) Paid $3,000 cash for equipment to be used for plumbing repairs.
c) Borrowed $27,000 from a local bank and deposited the money in the checking account.
d) Paid $900 rent for the year.
e) Purchased $1,000 of office supplies on account.
f) Completed a plumbing repair project for a local lawyer and received $3,200 cash.
Calculate the amount of total stockholders' equity after recording the transactions.Assume office supplies of $1,000 are left at the end of the year.

• A)$6,300
• B)$3,200
• C)$4,000
• D)$27,000

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Definitions:

Customer Value

The understanding of a product or service's value to a customer when compared to other available options.

Logistics

The detailed organization and implementation of a complex operation, specifically related to the transportation and storage of goods.

Measuring

Measuring refers to the process of quantifying the characteristics of an event, object, or substance, often used in both daily activities and scientific research to understand and analyze.

Market Performance

The overall effectiveness of a company or product in the marketplace, usually measured by sales, market share, or profitability metrics.