Below Is Accounting Information for Cascade Company for 2013 What Were the Total Assets at Year-End?
A) $320,000
B)

question 47

Multiple Choice

Below is accounting information for Cascade Company for 2013:
$$\begin{array} { | l | r | } \hline \text { Revenue } & \$ 416,000 \\\hline \text { Cash } & \$ 120,0000 \\\hline \text { Cormmon stock } & \$ 200, 000 \\\hline \text { Expenses } & \$ 300, 000 \\\hline \text { Equipment } & \$ 240, 000 \\\hline \text { Accounts receivable } & \$ 35,0 000 \\\hline \text { Nates payable } & \$ 50,000 \\\hline \text { Notes receivable } & \$ 62,000 \\\hline\end{array}$$
What were the total assets at year-end?

• A) $320,000
• B) $296,000
• C) $316,000
• D) $457,000
• E) $116,000

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