The Controller for Tires and More,Inc

question 97

Multiple Choice

The controller for Tires and More,Inc.has recorded the following transactions during the month: the company was established by selling 10,000 shares of stock to the public for $20,000 on the 1st of the month;the company recorded $36,000 of revenue for tires and services provided during the month;and expenses of $22,000 were recorded for the month.What is the balance of Stockholders' Equity at the end of the month,and is the balance a debit or a credit?

• A)$34,000 debit.
• B)$34,000 credit.
• C)$20,000 credit.
• D)$6,000 debit.

---

Definitions:

Micro-Inequity

Small, often unconscious, instances of prejudice or discrimination that, cumulatively, can have a significant impact on individuals and their performance.

Disarm

To reduce suspicions or hostility, often through charm, persuasion, or other means, making others feel more comfortable or open.

Opposition

Resistance or dissent in opinion or action against a proposal or established authority.

Sexual Harassment

Unwanted or unwelcome sexual behavior, which can include comments, advances, or actions, creating a hostile or offensive environment.