Solved

Carbon Company's Accounting Records Provided the Following Information (All Amounts

Question 30

Multiple Choice

Carbon Company's accounting records provided the following information (all amounts in thousands of dollars) : Carbon Company's accounting records provided the following information (all amounts in thousands of dollars) :   All assets and liabilities of the firm are reported in the schedule above.Working capital of $92 remained unchanged from 2012 to 2013.Net income in 2011 was $64.No dividends were declared during 2013 and there were no other changes in owners' equity.Total long-term liabilities at the end of 2013 would be A)  $340. B)  $432. C)  $580. D)  $616. All assets and liabilities of the firm are reported in the schedule above.Working capital of $92 remained unchanged from 2012 to 2013.Net income in 2011 was $64.No dividends were declared during 2013 and there were no other changes in owners' equity.Total long-term liabilities at the end of 2013 would be


A) $340.
B) $432.
C) $580.
D) $616.

Correct Answer:

verifed

Verified

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

Related Questions