Ending Liabilities Are 67,000,Beginning Equity Was $87,000,Common Stock Sold During

question 99

Multiple Choice

Ending Liabilities are 67,000,Beginning Equity was $87,000,Common Stock sold during year totaled $31,000,Expenses for the year were $22,000,Dividends declared totaled $13,000,Ending Equity for the year is $181,000 and Beginning Assets for the year were $222,000.
What are the Ending Assets for the year?

• A)$154,000
• B)$134,000
• C)$212,000
• D)$248,000
• E)$155,000

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Definitions:

Products And Services

Goods sold and tasks performed by a business to satisfy the needs and wants of customers.

Policy Decision

A choice made by authorities or organizations regarding rules, actions, or standards that guide operations or govern behavior.

Retaliate

To respond to a perceived wrong by taking revenge or engaging in counteractions.

Congruence

The degree of alignment between an individual’s values, beliefs, and behaviors, or between different elements of an organization or system.