A Company Had the Following Accounts and Balances Year-End: If

question 139

Multiple Choice

A company had the following accounts and balances year-end: If all of the accounts have normal balances, what are the totals for the trial balance?

• A) $45,200.
• B) $67,000.
• C) $104,800.
• D) $209,600.
• E) $186,600.

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Definitions:

Liabilities

Financial obligations or debts that a company or individual owes to others, which need to be settled over time.

Effectively Control

Effectively control in financial terms refers to the power to direct the financial and operational policies of an entity so as to gain benefits from its activities, often achieved through ownership, contracts, or other means.

Minimum Total Price

The lowest possible aggregate amount that can be charged or paid for a particular set of goods or services.

Pre-Merger Value

The valuation of a company before it enters into a merger or acquisition, often used to assess the financial impact of the merger.