Solved

Several Amounts from GM Company at December 31, 2012, Are

question 17

Essay

Several amounts from GM Company at December 31, 2012, are listed below. Answer the questions.
$\begin{array}{llll}\text { Service revenue } & \$ 817,500 & \text { Salaries expense } & \$ 343,500 \\\text { Dividends paid } & 75,000 & \text { Rent expense } & 129,000 \\\text { Buildings } & 165,000 & \text { Land } & 150,000 \\\text { Accounts payable } & 60,000 & \text { Accounts receivable } & 42,000 \\\text { Capital stock } & 90,000 & \text { Retained earnings, Jan. } 1,2012 & 600,000 \\\text { Utilities expense } & 28,500 & \text { Notes payable } & 45,000 \\\text { Income tax payable } & 6,000 & \text { Income tax expense } & 165,000\end{array}$ $Several amounts from GM Company at December 31, 2012, are listed below. Answer the questions. \begin{array}{llll} \text { Service revenue } & \$ 817,500 & \text { Salaries expense } & \$ 343,500 \\ \text { Dividends paid } & 75,000 & \text { Rent expense } & 129,000 \\ \text { Buildings } & 165,000 & \text { Land } & 150,000 \\ \text { Accounts payable } & 60,000 & \text { Accounts receivable } & 42,000 \\ \text { Capital stock } & 90,000 & \text { Retained earnings, Jan. } 1,2012 & 600,000 \\ \text { Utilities expense } & 28,500 & \text { Notes payable } & 45,000 \\ \text { Income tax payable } & 6,000 & \text { Income tax expense } & 165,000 \end{array}$

Definitions:

Prejudice

A preconceived opinion or judgment, often based on insufficient knowledge, irrational feelings, or stereotypes, towards individuals or groups.

Discrimination

The unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex.

Normative Influence

The impact of social norms and expectations on an individual's behavior, often leading to conformity.

Informational Influence

A process by which individuals change their opinions or behaviors to align with those of a group or authority figure, based on the information or evidence presented.