The beginning balance in the Common Stock account of Cedar Technologies, Inc. was $76,000. The revenues and expenses amounted to $55,000 and $37,000, respectively. During the year, the company did not declare any dividends or issue common stock

The Common Stock account will have $131,000 at the end of the year.
Indicate whether the statement is true or false

FALSE

Business

You might also like to view...

Companies must attract visitors to their Web sites. Which of the following is a method companies use to entice visitors not just to visit but also to return to a site?

A) using flashy graphics, bright colors and vivid pictures B) aggressively promoting the site in offline print and broadcast advertising C) offering prizes for visiting the site D) providing rewards for visitors connecting their friends to the site E) requiring registration on the first visit to the site

Business

Quid pro quo sexual harassment involves requiring the victim to provide sexual favors

Indicate whether the statement is true or false

Business