On May 31 of the Current Year,the Assets and Liabilities

question 69

Multiple Choice

On May 31 of the current year,the assets and liabilities of Riser,Inc.are as follows: Cash $20,500; Accounts Receivable,$7,250; Supplies,$650; Equipment,$12,000; Accounts Payable,$9,300.What is the amount of equity as of May 31 of the current year?

• A)$49,700.
• B)$13,050.
• C)$20,500.
• D)$31,100.
• E)$40,400.

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Definitions:

Positive Psychologists

Specialists in the field of psychology who focus on studying and fostering the strengths, virtues, and happiness that contribute to human flourishing.

Gestalt Theorists

Psychologists who emphasize that the whole of anything is greater than its parts, and focus on patterns and human perceptual capabilities.

Humanists

Individuals who focus on human values and concerns, advocating for human welfare and emphasizing the importance of human dignity, capabilities, and potential.

Behaviorists

Psychologists who focus on observable behaviors and the ways in which learning influences behavior, often emphasizing the role of environment over genetics.