Blocker, Inc

question 67

Multiple Choice

Blocker, Inc.had $10, 000 of notes coming due on January 10, 2011.On January 5, 2011, the company used $2, 000 of excess cash to pay off part of the note.On January 8, 2011, a refinancing was completed.The $2, 000 payment was refunded and added back to the note balance, and the note was extended for another two years.On the December 31, 2010 balance sheet, how much of the $10, 000 note should be shown as current?

• A)$10, 000
• B)$ 0
• C)$ 8, 000
• D)$ 2, 000

---

Definitions:

Sigmund Freud

Austrian neurologist known as the founding father of psychoanalysis, a method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Robert Cialdini

A psychologist known for his work on persuasion, compliance, and negotiation.

Correspondence Bias

The tendency to attribute a person's behavior too much to their personality and too little to the situation they are in.

Fundamental Attribution Error

The inclination to overly focus on individual traits while disregarding environmental influences when evaluating the actions of others.