During the Current Year, the Assets of Quality Stairs Increased

question 118

Multiple Choice

During the current year, the assets of Quality Stairs increased by $175,000 and the liabilities decreased by $15,000. If the equity in the business is $475,000 at the end of the year, the equity at the beginning of the year must have been:

• A) $335,000.
• B) $285,000.
• C) $665,000.
• D) $615,000.

---

Definitions:

Enuresis

The medical term for involuntary urination, especially by children, typically during sleep, also known as bedwetting.

Encopresis

A condition in children characterized by the involuntary discharge of feces, often related to emotional issues or constipation.

Conduct Disorder

A severe mental disorder in children and adolescents characterized by repetitive and persistent patterns of behavior that violate societal norms or the basic rights of others.

Brain Malformation

A structural defect in the brain present at birth, which can lead to various neurological problems and developmental delays.