A corporation's year-end 2015 balance sheet lists cash of$36,400, accounts receivable of $98,700, inventory of $156,900,fixed assets of $853,000, current liabilities of $218,000, andlong-term debt of $465,000. What is the amount of the corporation’stotal stockholders' equity at year-end 2015? A. less than $465,000but more than $440,000
B. less than $490,000 but more than $465,000
C. less than $515,000 but more than $490,000
D. less than $540,000 but more than $515,000
E. more than $540,000

Which of the following is a source of cash? A. The firm buysfixed assets. B. The firm increases inventories.
C. The firm decreases its accrued wages and taxes.
D. The firm issues bonds and other long-term liabilities.
E. Both B and C are sources of cash.

If operating profit was $892,600, interest expense was $96,400,taxes were $219,700, depreciation was $285,000, and cost of goodssold was $798,300, what was net income if sales were$2,365,400?
A. less than $535,000 but more than $490,000
B. less than $580,000 but more than $535,000
C. less than $625,000 but more than $580,000
D. less than $670,000 but more than $625,000
E. more than $670,000

The 2015 income statement for Bertha’s Baskets, Inc.'s lists thefollowing income and expenses: Cost of goods sold (COGS) =$825,000, operating and administrative expense = $175,000,depreciation = $135,000 and earnings before taxes and interest(EBIT) = $580,000. What is the amount of 2015 sales revenue forBertha’s Baskets, Inc.? A. $1,715,000
B. $1,600,000
C. $1,405,000
D. $1,235,000
E. less than $1,235,000