Use the Following Data to Determine the Total Amount of Working

question 96

Multiple Choice

Use the following data to determine the total amount of working capital. Carne Auto Supplies
Balance Sheet
December 31, 2017
$\begin{array}{lrlr}\text { Cash } & \$ 70,000 & \text { Accounts payable } & \$ 130,000 \\\text { Accounts receivable } & 100,000 & \text { Salaries and wages payable } & 20,000 \\\text { Inventory } & 140,000 & \text { Mortgage payable } & 180,000 \\\text { Prepaid insurance } & 80,000 & \text { Total liabilities } & \$ 330,000 \\\text { Stock investments } & 180,000 & &\\\text { Land } & 190,000 \\\text { Buildings } \quad \$ 230,000 &&\text { Common stock }&\$240,000\\\text { Less: Accumulated }&&\text { Retained earnings }&500,000\\\text { depreciation }\quad(60,000) &170,000&\text { Total stockholders' equity }&\$740,000\\\text { Trademarks } & 140,000&\text { Total liabilities and }\\\text { Total assets }&\$1,070,000&\text { stockholders' equity }&\$1,070,000\end{array}$

• A)$260,000
• B)$240,000
• C)$160,000
• D)$420,000

---

Definitions:

Experiential Therapists

Therapists who emphasize the importance of clients' direct experience and emotion in therapy for healing and change.

Psychopathology

Psychopathology is the scientific study of mental disorders, including their symptoms, causes, and treatments.

Maladaptive Emotional Processes

Refers to unhealthy emotional reactions or mechanisms that individuals use, often unconsciously, that can exacerbate distress or hinder effective functioning in daily life.

Gestalt Therapy

A therapeutic technique that accentuates the need for personal responsibility, focusing on the person's immediate experiences, the relationship between therapist and client, the environmental and social influences on an individual's existence, and the adjustments made by persons as a reaction to their encompassing circumstances.