During the Current Year,the Assets of Quality Stairs Increased by $175,000

question 140

Multiple Choice

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

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

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Definitions:

Rhizarians

A group of mostly unicellular eukaryotic organisms, characterized by their amoeba-like cell structure, often possessing elaborate shell-like coverings.

Representative Clade

A group of organisms that includes an ancestor and all its descendants, representing a single branch on the tree of life.

Supergroup

In biological classification, a grouping that is higher than a kingdom, incorporating a vast array of life forms based on genetic similarities and evolutionary relationships.

Cellular Slime Molds

Organisms that exist as individual amoeboid cells but can aggregate to form multicellular reproductive structures under certain conditions.