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At December 31, 2009, Rob's Home Store Has $100,000 of Assets

Question 7

Multiple Choice

At December 31, 2009, Rob's Home Store has $100,000 of assets and $40,000 of liabilities, and $60,000 of stockholders' equity. On January 15, 2010, Rob's purchased $30,000 of assets by incurring a liability. Rob's total assets, liabilities, and stockholders' equity after the purchase are, respectively,


A) $100,000; $40,000; $60,000.
B) $100,000; $60,000; $40,000.
C) $130,000; $40,000; $70,000.
D) $130,000; $60,000; $70,000.
E) $130,000; $70,000; $60,000.

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