The Beginning Capital Balance Is $1,000; There Are No Additional

question 97

Multiple Choice

The beginning capital balance is $1,000; there are no additional investments or withdrawals by the owner during the accounting period. The period's revenue is $500 and expenses total $450. What is the ending capital balance (after closing entries) ?

• A) $1,050
• B) $1,500
• C) $1,450
• D) $50

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Definitions:

James-Lange Theory

A theory of emotion that suggests emotions arise from physiological reactions to events, rather than causing those reactions.

Physiological Arousal

The body's response to a stimulus, involving increased activity in various systems, such as heart rate and adrenaline production.

Intense Anger

A powerful emotion characterized by strong feelings of dissatisfaction, frustration, or hostility.

Spillover Effect

The phenomenon where an observation in one context or area influences or contributes to a reaction in another area.