A Company Reported Total Equity of $145,000 on Its December

question 59

Multiple Choice

A company reported total equity of $145,000 on its December 31,2010,balance sheet.The following information is available for the year ended December 31,2011:
2011 Revenues……………..$210,000
2011 Expenses……………….165,000
Liabilities,at December 31,2011…. 92,000
What are the total assets of the company at December 31,2011?

• A)$45,000
• B)$92,000
• C)$190,000
• D)$210,000
• E)$282,000

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