Solved

Choose the TRUE Statement

Question 134

Multiple Choice

Choose the TRUE statement.


A) A company with Net Income will also have a cash increase from operating activities.
B) A company with Liabilities of $80,000 and Stockholders' equity of $50,000 will have Assets of $30,000.
C) If a company has total revenues of $80,000,total expenses of $50,000 and dividends of $10,000,they will have net income of $20,000.
D) A company with total stockholders' equity of $120,000 and contributed capital of $75,000 must have total retained earnings of $45,000.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents