Use the Information Provided from Haloid Company's Accounting Records to Answer

question 77

Essay

Use the information provided from Haloid Company's accounting records to answer questions
For the Years Ended December 31, 2018, and 2017
$\begin{array}{lrr}\text { Assets }&2018&2017\\\text { Cash } & \$ 80 & \$ 60 \\\text { Accounts receivable } & 40 & 40 \\\text { Short-term investment in property } & 40 & 60 \\\text { Property, plant, and equipment } & \underline{350} & \underline{310} \\\quad \text { Total assets } & \underline{\underline{510}} & \underline{\$ 470}\\\text { Liabilities and Shareholders' Equity }\\\text { Accounts payable } & \$ 85 & \$ 90 \\\text { Contributed capital } & 310 & 300 \\\text { Retained earnings } & 115 & 80 \\\text { Total liabilities \& shareholders' equity } & \$ 510& \$ 470\\\text { Income Statement: }\\\text { Sales revenue } & \$ 850 \\\text { Expenses } & \$ 800 \\\text { Net Income } & \$ \underline{50}\end{array}$
-Comment on the following statement: "On December 31, 2018, Haloid's accounts payable exceeds its cash by $5. If Haloid needs additional money to pay its accounts payable, it can use the $115 stashed in its retained earnings".

---

Definitions:

Paradoxical Interventions

Therapeutic techniques that involve suggesting a client engage in or exaggerate a problematic behavior, with the aim of bringing about awareness and change through the client's resistance or unexpected outcomes.

Meta-analytic Reviews

A statistical technique for summarizing the results of multiple studies on a particular topic to derive conclusions based on the entire body of research.

Typical Treatment

refers to the standard or conventional methods used by healthcare professionals to address a specific disorder or illness.

Non-paradoxical Interventions

Interventions in therapy that are straightforward and direct, without using techniques that involve contradiction or seemingly illogical approaches to encourage change.