Larkspur Corp had the following accounts and balances at the end of the year: Cash: $58,000 . Accounts Payable: $19,000 . Common Stock: $28,000 . . Dividends: $10,000 Supplies: $37,000 Notes Payable: $22,000 Revenues: $120,000 Rent Payable: $14,000 What are total assets at the end of the year? A) $95,000 B) $68,000 C) $105,000 D) $58,000

Larkspur Corp had the following accounts and balances at the end of the year: Cash: $58,000 . Accounts Payable: $19,000 . Common Stock: $28,000 . . Dividends: $10,000 Supplies: $37,000 Notes Payable: $22,000 Revenues: $120,000 Rent Payable: $14,000 What are total assets at the end of the year? A) $95,000 B) $68,000 C) $105,000 D) $58,000

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 11MCQ: Chasse Building Supply Inc. reported net cash provided by operating activities of $243,000, capital...

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