The Following Balances Were Taken from the Accounts of Adelaide

question 58

Multiple Choice

The following balances were taken from the accounts of Adelaide Enterprises.
31 Dec.2013 31 Dec.2014
Assets $450 000 $610 000
Liabilities 270 000 310 000
Assuming there were no drawings or contributions of capital,profit for 2014 must have been:

• A)$160 000.
• B)$120 000.
• C)$300 000.
• D)$220 000.

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Definitions:

Problem-Focused Coping

A coping strategy where an individual directly tackles a problem causing stress in order to reduce or remove the stressor.

Learned Helplessness

The hopelessness and passive resignation an animal or human learns when unable to avoid repeated aversive events.

Fight-Or-Flight

A physiological response to perceived harmful events, attacks, or threats to survival, preparing the body to either confront or avoid the danger.

Type A Profile

A personality pattern characterized by high levels of competitiveness, impatience, aggression, and a constant sense of urgency.