Metropolitan Casting Services Started the Year with Total Assets of $130,000

question 190

Multiple Choice

Metropolitan Casting Services started the year with total assets of $130,000 and total liabilities of $45,000. The revenues and the expenses for the year amounted to $130,000 and $50,000, respectively. During the year, the company did not issue any common stock, but it distributed dividends of $60,000. Calculate the amount of increase or decrease in stockholders' equity for the year.

• A) a $20,000 increase
• B) a $105,000 increase
• C) a $85,000 decrease
• D) a $60,000 increase

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Definitions:

Emotional Intelligence

The ability to understand and manage one’s own and others’ feelings and emotions.

Networking Behaviours

Actions taken by individuals to establish and maintain professional relationships that can provide opportunities and resources.

Self-Esteem

A psychological concept referring to an individual's overall subjective sense of personal worth or value.

Political Activity

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