Conrad Company reports the following: Total Assets $800 Contributed Capital $300 Total Revenues $600 Beginning Retained Earnings $200 Total Expenses $700 Dividends $100 What are Total liabilities?
a. $600
b. $500
c. $400
d. $300
e. $200
B
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In considering equity and debt financing, which of the following statements is generally true?
A) The lower the measure of the long-term debt to equity ratio, the greater the likelihood that the company will have difficulty in meeting its obligation in some future period. B) Interest and dividend payments are not required to be made by the issuing company. C) The higher the measure of the debt to equity ratio, the greater the likelihood that the company will have difficulty in meeting its obligation in some future period. D) Most companies prefer to have no debt and rely exclusively on equity financing.
Bisha created a new recipe for a sandwich spread and applied for a patent to protect her trade secret. She is likely to receive this patent
Indicate whether the statement is true or false
Baldwin Company purchased equipment for $420,000 and planned to use it when the company expanded one of its product lines. However, six months later, the company changed its plans and sold the equipment to Stick, Inc. for $420,000. Stick signed a note for $420,000 that is due in 60 days. The journal entry prepared by Baldwin Company to record the sale of the equipment would include which of the following?
A. Credit to Note Receivable B. Debit to Cash C. Debit to Accounts Payable D. Credit to Equipment
A gender wage gap is the amount by which the average pay for senior workers is less than the average pay for newer workers.
Answer the following statement true (T) or false (F)