# If liabilities are $53,000 and assets are$173,500, then equity equals: Multiple Choice $120,500$173,500 $226,500... ###### Question:                  If liabilities are$53,000 and assets are $173,500, then equity equals: Multiple Choice$120,500 $173,500$226,500 $53,000 If the liabilities of a business increased$83,000 during a period of time and the equity in the business decreased $34,000 during the same period, the assets of the business must have: Multiple Choice Decreased$117,000 Decreased $49,000 Increased$49,000
Beta Corporation purchased $160,000 worth of land by paying 16,000 cash and signing a$144,000 mortgage. Immediately prior to this transaction the corporation had assets, liabilities, and owners' equity in the amounts of $156,000,$33,000, and $123,000 respectively. What is the total amount of Beta Corporation's assets after this transaction has been recorded? Multiple Choice$316,000 $332,000$49,000 $172,000$300,000
FastForward has net income of $19,150 and assets at the beginning of the year of$213,000. Its assets at the end of the year total $272,000. Compute its return on assets. Multiple Choice 7.9% 14.2% 8.9% 12.7% 7.0% Determine the net income of a company for which the following information is available: Employee salaries expense Interest expense Rent expense Consulting revenue$ 197,000 27,000 37,000 570,000
$831,000$298,000 $261,000$570,000 $309,000 FastForward had cash inflows from operations of$64,100; cash outflows from investing activities of $48,600; and cash inflows from financing of$26,600. The net change in cash was:
Multiple Choice $139,300 increase$11,100 increase $42.100 decrease$42,100 increase $139,300 decrease FastForward has beginning equity of$258,000, net income of $51100, dividends of$40,500, and investments by owners in exchange for stock of $6,100. Its ending equity is: Multiple Choice$268,600 $241,300$274,700 $223,600$211,400
A company's balance sheet shows: cash $23,600, accounts receivable$16,800, office equipment $52,000, and accounts payable$17,800. What is the amount of equity?
Multiple Choice $110,200$29,400 $17,800$74,600 $92,400 If beginning retained earnings was$184,900, net income for the period was $202,000 and ending retained earnings was$323,000, what was the total amount of dividend distributed for the period?
Multiple Choice $305,900$340,100 $63,900$138,100 $709,900 Ending liabilities are 68,900, beginning equity was$90,700, common stock issued during year totaled $32,900, expenses for the year were$23,900, dividends declared totaled $14,900, ending equity for the year is$185,750, and beginning assets for the year were $225,800. What are the ending assets for the year? Multiple Choice$159,600 $155,000$137,800 $218,650$254,650

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