Solved

Marvin Services Corporation Had the Following Accounts and Balances

Question 59

Multiple Choice

Marvin Services Corporation had the following accounts and balances: Marvin Services Corporation had the following accounts and balances: If the balance of the Buildings account was $42,000 and $3,000 of Accounts Payable were paid in cash, what would be the balance of the total stockholders' equity? A) $81,000 B) $72,000 C) $102,000 D) $78,000 If the balance of the Buildings account was $42,000 and $3,000 of Accounts Payable were paid in cash, what would be the balance of the total stockholders' equity?


A) $81,000
B) $72,000
C) $102,000
D) $78,000

Correct Answer:

verifed

Verified

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

Related Questions

Q17: Resources owned by a business are referred

Q60: Determine the missing items. <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4437/.jpg" alt="Determine

Q63: Dividends paid<br>A)increase assets.<br>B)increase expenses.<br>C)decrease revenues.<br>D)decrease retained earnings.

Q67: Which of the following groups uses accounting

Q72: The proprietorship form of business organization<br>A)must have

Q78: U.S. standards are developed by the<br>A)IFRS.<br>B)GAAP.<br>C)IASB.<br>D)FASB.

Q118: All of the following are interrelationships that

Q149: External users of accounting information, like the

Q172: Gibson Company recorded the following cash transactions

Q195: If total liabilities increased by $75,000 and