On December 31,2001,Saskatoon Laboratories Had Assets of $235,000 and Owners

Multiple Choice

On December 31,2001,Saskatoon Laboratories had assets of $235,000 and owners' equity of $84,000.We can conclude that Saskatoon Laboratories must have:

A) total liabilities of $151,000.
B) suffered a net loss of $151,000.
C) experienced a cash inflow of $319,000.
D) paid a dividend of $3.00 per share