Carl Industries
Carl Industries Has Condensed Balance Sheets as Shown

question 96

Multiple Choice

Carl Industries
Carl Industries has condensed balance sheets as shown:
$\begin{array}{|l|r|r|r}\hline & {\mathbf{2 0 1 1}} & {\mathbf{2 0 1 0}} & {\mathbf{2 0 0 9}} \\\hline \text { Assets: } & & & \\\hline \text { Current assets } & 65,000 & \$ 46,500 & \$ 80,000 \\\hline \text { Plant \& equipment, net } & 600,000 & 420,000 & 410,000 \\\hline \text { Intangible assets, net } & 15,000 & 36,500 & 50,000 \\\hline \text { Total assets } & 680,000 & \$ 503,000 & 540,000 \\\hline & & & \\\hline \text { Liabilities \& Stockholders' Equity: } & & & \\\hline \text { Current liabilities } & \$ 70,000 & \$ 25,000 & \$ 33,500 \\\hline \text { Long-term liabilities } & 420,000 & 290,000 & 400,000 \\\hline \text { Stockholders' equity } & 190,000 & 188,000 & 106,500 \\\hline \text { Total liabilities \& equity } & \$ 680,000 & \$ 503,000 & 540,000 \\\hline\end{array}$

-Refer to the information for Carl Industries.In a percentage change balance sheet over the period of 2009 to 2011,what is the change in long-term liabilities? 

• A) 94.7%
• B) 15.4%
• C) 5.3%
• D) 5%

---

Definitions:

Self-Esteem Components

The elements that contribute to an individual's overall sense of worth or value, including beliefs about oneself and emotional states.

Self-Awareness

The conscious knowledge of one's own character, feelings, motives, and desires, which can influence behavior and decisions.

External Locus of Control

A belief system where individuals think that their successes or failures result from external factors beyond their control.

Decisions

The process of making choices between alternative courses of action based on preferences, values, and available information.