Census Company Had the Following Accounts and Balances at the End

question 84

Multiple Choice

Census Company had the following accounts and balances at the end of the year.What are total liabilities at the end of the year?

• A)$13,000
• B)$48,000
• C)$40,000
• D)$75,000

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Definitions:

Insider Trade

Buying or selling a security by someone who has access to material, nonpublic information about the security.

Mining Exploration

The process of searching for minerals or precious metals in the ground through geological research and physical exploration methods.

Gold Find

The discovery of gold, typically in significant quantities, which often prompts mining activities and economic interest in the area.

Dramatic Departure

A significant and often sudden change or shift from conventional behavior or previous patterns.