QUIZ NAV The concept that a business has a reasonable expectation of remaining in business for the foreseeable future is called the BA APP 25 9 10 tion 18 19 20 Select one: O a economic entity assumption Ob monetary unit assumption Oc periodicity assumption Od going concern assumption LJUJE 25 26 27 33 34 35 36 Finish attempt 2 At the beginning of the year, Gal Company had liabilities of $50,000 and stockholders equity of $96,000. If assets increased by $40,000 and liabilities decreased by $30,000, what was the stockholders' equity at the end of the year? to 2.5 Select one: a $146,000 Ob: $166,000 Oc$186,000 od 596,000 e $36,000 ENE Common Stock would appear in which Balance Sheet Classification? Time 1.59:20 Select one O a Property, Plant & Equipment O b. Current Liabilities Oc Contributed Capital d. Current Assets O e Investments Reardon Realty Corporation's ledger consisted of the following eight accounts Accounts Payable Accounts Receivable Building Cash $8,000 Common Stock 3,000 Equipment 14,000 Land 3,000 Retained Earnings $7,000 7,000 2,000 One additional transaction occurred accrued revenue of $2.000 was recorded. What would be total Owners' Equity? 0 0 ENG a $21.000 Ots $34.000