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Below Is Accounting Information for Cascade Company for 2010 What Was Total Equity for the Year?
A) $320,000
B)

question 198

Multiple Choice

Below is accounting information for Cascade Company for 2010:
 Revenue $416,000 Cash $120,000 Common Stock $200,000 Expenses $300,000 Equipment $240,000 Accounts Receivable $35,000 Notes Payable $50,000 Notes Receivable $62,000\begin{array} { | l | r | } \hline \text { Revenue } & \$ 416,000 \\\hline \text { Cash } & \$ 120,000 \\\hline \text { Common Stock } & \$ 200,000 \\\hline \text { Expenses } & \$ 300,000 \\\hline \text { Equipment } & \$ 240,000 \\\hline \text { Accounts Receivable } & \$ 35,000 \\\hline \text { Notes Payable } & \$ 50,000 \\\hline \text { Notes Receivable } & \$ 62,000 \\\hline\end{array}
What was Total Equity for the year?

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Definitions:

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