Multiple Choice
On December 31, 2001, Virginia Laboratories had assets of $235,000 and owners equity of $84,000. We can conclude that on December 31, 2001, Virginia Laboratories balance sheet showed:
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.
Correct Answer:
Verified
Correct Answer:
Verified
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