A company's total assets increased during the period while its liabilities and common stock were unchanged. No dividends were declared or paid during the period. Which of the following would explain this situation?

A. Retained earnings were less than net income during the period.
B. The company must have purchased assets with cash during the period.
C. Revenues were greater than expenses during the period.
D. No dividends were paid during the period.


Answer: C

Business

You might also like to view...

What type of company would be likely to use the geographic sales force structure?

What will be an ideal response?

Business

Cash received from the issuance of capital stock is classified in which section of the statement of cash flows?

A) Operating B) Investing C) Financing D) Noncash

Business

An MRP system works best in ______.

a. a pull system b. a push system c. both A and B d. either A or B

Business

Every decision model contains both objective and subjective factors

Indicate whether the statement is true or false

Business