Sinoyianis Realty Company Had the Following Balance Sheet Accounts and Balances

question 162

Multiple Choice

Sinoyianis Realty Company had the following balance sheet accounts and balances: If,$6,000 of Accounts Payable were paid in cash,what would be the total of liabilities and owner's equity?

• A)$28,000
• B)$34,000
• C)$46,000
• D)$52,000

---

Definitions:

Annual Payments

Regular amounts paid once a year, often used in the context of loan repayments or investment returns.

Interest Rate

The amount charged by a lender to a borrower for the use of assets, expressed as a percentage of the principal.

Lease Payments

Regular payments made by a lessee to a lessor for the use of an asset.

Cost of Funds

The interest rate that financial institutions pay for the use of money or funds they lend out to borrowers.