At the end of 2005, Phil had a net worth of $10,000. During 2008, he plans to save $2,000 and he also expects the market value of his assets to increase by 5%
If Phil's total liabilities were $4,000 at December 31, 2007, his December 31, 2008 net worth will be
A)
$12,000.
B)
$12,500.
C)
$12,700.
D)
$12,800.
C
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The concept of legal capital exists to protect the corporation's assets for the stockholders of the corporation
Indicate whether the statement is true or false
Treasury stock or treasury shares are shares a firm has previously issued and later reacquired. Which of the following is/are true?
a. Treasury shares do not receive dividends, only. b. Treasury shares do not have voting rights, only. c. Treasury shares do not enter the calculation of earnings per share, only. d. Treasury shares do not receive dividends, do not have voting rights, and do not enter the calculation of earnings per share. e. none of the above
Which of the following is not a business transaction?
A) make a sales offer B) sell goods for cash C) receive cash for services to be rendered later D) pay for supplies
A corporation in the United States that has been incorporated in another country is referred to as a(n) ________ corporation
A) foreign B) domestic C) onshore D) alien