During the current year, the assets of The Big Dial increase by $132,000, and the liabilities increase by $80,000. As a result, owners' equity
A: decreases by $52,000 during the year.
B: increases by $52,000 during the year.
C: increases by $212,000 during the year.
D: is $52,000 at the end of the year.
A: decreases by $52,000 during the year.
B: increases by $52,000 during the year.
C: increases by $212,000 during the year.
D: is $52,000 at the end of the year.
举一反三
- A business has net assets of $60,000 at the beginning of the year and $85,000 at the end of the year. Drawings were $17,000 and a lottery win of $3,000 was paid into the business during the year. What was the profit for the year? A: $11,000 loss B: $39,000 loss C: $11,000 profit D: $39,000 profit
- During the current year, the total assets of Mifflinburg Corporation decreased by $60,000 and totalliabilities decreased by $300,000. The company issued $100,000 of new stock, and its net incomefor the year was $250,000. No other changes to stockholders’ equity occurred during the year.The dollar amount of dividends declared by the company during the year is A: $100,000. B: $200,000. C: $110,000. D: $250,000.
- A new house will have been built here __________ . A: in this year B: for one year C: by the end of the year D: during the last year
- Liabilities that are required to be paid within a year are classified as current liabilities. If the normal operating cycle is longer than a year, liabilities that are required to be paid during the normal operating cycle are classified as current liabilities.
- It _____ the year of the horse next year.