Use the following information for questions 140-141.
Metzger Company compiled the following financial information as of December 31, 2008:
-Metzger's assets on December 31, 2009 are
A) $235,000.
B) $170,000.
C) $80,000.
D)$95,000.

Question

Use the following information for questions 140-141.
Metzger Company compiled the following financial information as of December 31, 2008: 
-Metzger's assets on December 31, 2009 are
A) $235,000. 
B) $170,000. 
C) $80,000. 
D)$95,000.

Quizplus · Accepted Answer

To find Metzger's assets on December 31, 2009, we need to look at the "Total Assets" line in the table. We see that the total assets on December 31, 2008 were $80,000 and that there were no changes to assets in the table. Therefore, the total assets on December 31, 2009 would still be $80,000.

Use the Following Information for Questions 140-141