Beginning Assets Were $700,000,Beginning Equity Was $225,000,Revenue for the Year

question 103

Multiple Choice

Beginning Assets were $700,000,Beginning Equity was $225,000,Revenue for the year was $523,000,Common Stock sold during the year totaled $320,000,Expenses for the year were $392,000,Ending Equity is $751,000,and Ending Assets are $963,000.
What are the Ending Liabilities for the year?

• A)$738,000
• B)$998,000
• C)$212,000
• D)$203,000
• E)$475,000

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Definitions:

Social Work

A profession concerned with helping individuals, families, groups, and communities to enhance their well-being and solve personal and societal problems.

Implementation

The process of putting a plan, decision, or policy into effect.

Severity

The degree or intensity of a situation or condition, often used in the context of problems or diseases.

Substance Use

The consumption of drugs or alcohol, which can range from moderate use to dependency or addiction.