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If a balance sheet has common stock value listed at $3,000,000.00 with a $0.20 par value, we can derive the total number of common shares is equal to
| | | $600,000.00 |
| | | $15,000,000.00 |
| | | $60,000,000.00 |
| | | $150,000.00 A business has revenues of $130,200 and total expenses of $44,000. What is net income (or loss)? | | | $86,200 net income | | | | $174,200 net income | | | | $86,200 loss | | | | $174,200 loss | | | | $130,200 net income A business has total assets of $155,000 and total liabilities of $35,000. What is the equity? | | | ($120,000) | | | | $190,000 | | | | ($190,000) | | | | $120,000 | | | | $155,000 | | |
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