The Following Information Was Extracted from the Accounting Records of Yamaguchi

question 68

Multiple Choice

The following information was extracted from the accounting records of Yamaguchi Company:
$\begin{array} { l } \text {Paid-in Capital, December 31, 2014 }&\$87,000\\ \text { Retained Earnings, December 31, 2014}&\$211,000\\ \text { Total Assets, December 31, 2014}&\$455,000\\ \text {Revenues for year ended December 31, 2015 }&\$200,000\\ \text { Expenses for year ended December 31, 2015 }&\$165,000\\ \text {Total Assets, December 31, 2015 }&\$605,000\\ \text {Additional investments by owners in 2015 }&\$10,000\\\end{array}$

At December 31,2014,what is the total amount of liabilities?

• A) $45,000
• B) $150,000
• C) $157,000
• D) $272,000

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Definitions:

Eukarya

One of the three domains of life, comprised of organisms with cells that contain a nucleus, including animals, plants, fungi, and protists.

Chemoautotrophs

Organisms that obtain their energy through the oxidation of inorganic molecules rather than from sunlight.

Organic Chemicals

Organic chemicals are compounds composed mainly of carbon and hydrogen, and may also contain elements like oxygen, nitrogen, sulfur, phosphorus, and others.

Dense Cytoplasm

Refers to the cytoplasm with a high concentration of organelles and macromolecules, indicating active metabolic processes.