A company's January 1, 2019 balance sheet reported total assets of $152,000 and total liabilities of $61,000. During January 2019, the company completed the following transactions: (A) paid a note payable using $11,000 cash (no interest was paid); (B) collected a $10,000 accounts receivable; (C) paid a $5,200 accounts payable; and (D) purchased a truck for $5,200 cash and by signing a $21,000 note payable from a bank. The company's January 31, 2019 balance sheet would report which of the following? a. Assets Liabilities Stockholder's Equity
$150,000 $60,000 $90,000

b. Assets Liabilities Stockholder's Equity
$155,000 $65,000 $90,000

c. Assets Liabilities Stockholder's Equity
$160,000 $75,000 $85,000

d. Assets Liabilities Stockholder's Equity
$170,000 $100,000 $70,000

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.