The Assets of Frank's Business Increased by $40 000 and the Liabilities

question 11

Multiple Choice

The assets of Frank's business increased by $40 000 and the liabilities increased by $10 000 during the current year. If the profit for this period was $25 000, what additional contribution or withdrawal was made by the owner? (Assume only a withdrawal or a contribution was made.)

• A) Drawings $10 000
• B) Contribution $10 000
• C) Contribution $5000
• D) Drawings $5000

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Definitions:

Nuclear Envelope

The double-layered membrane that encloses the nucleus of a cell, separating it from the cytoplasm and regulating the passage of materials between the nucleus and cytoplasm.

Double-layered Membrane

A structure consisting of two layers of membrane that can envelop or line cellular organelles or body cavities.

Microvilli

Finger-like protrusions from the surface of some cells, increasing their surface area for absorption.

Cilia

Microscopic, hair-like structures on the surface of cells, moving fluid or mucus across the cell surface.