Table 4.1
True Sandpaper Co.
Balance Sheets
For the Years Ended 2014 and 2015
-The largest single source of funds for the firm in 2015 is ________. (See Table 4.1)

Question

Table 4.1
True Sandpaper Co.
Balance Sheets
For the Years Ended 2014 and 2015 
-The largest single source of funds for the firm in 2015 is ________. (See Table 4.1)

Quizplus · Accepted Answer

The largest single source of funds for the firm in 2015 is an increase in long-term debt, as shown in the Balance Sheet where long-term debt increased from $60,000 in 2014 to $200,000 in 2015. None of the other options show a significant increase in the source of funds for the firm.

Table 4.1 True Sandpaper Co