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Accounting & Finance
 Online Tutoring : Forum : Quiz Questions - Economics & Business Studies : Accounting & Finance
Topic Topic: Net worth Post ReplyNew Question
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System
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Joined: 26 June 2005
Posts: 918
Posted: 20 November 2005 at 2:35pm | IP Logged Quote System

QUIZ QUESTION #1645
Kenny had total assets of $200,000 and a net worth of $104,000 at the beginning of the year. During the year, assets increased by $26,000 and liabilities decreased by $41,000. His net worth at year's end was...
    A.   $185,000
    B.   $67,000
    C.   $89,000
    D.   $169,000
    E.   $171,000
 QUIZ QUESTION #1645 created by Tutor11700 on 04 November 2005 at 8:08am

Correct answer: E    Correct clicks: 40.21%  Wrong clicks: 59.79%
 
    A.   [10 clicks 10.31%] 
 
    B.   [8 clicks 8.25%] 
 
    C.   [32 clicks 32.99%] 
 
    D.   [8 clicks 8.25%] 
 
    E.   [39 clicks 40.21%] 
 
Please discuss this quiz question.
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