Using the Following Balance Sheet and Income Statement Data, What

question 79

Multiple Choice

Using the following balance sheet and income statement data, what is the total amount of working capital? $$\begin{array} { l r l r } \text { Current assets } & \$ 32,000 & \text { Net income } & \$ 42,000 \\\text { Current liabilities } & 16,000 & \text { Stockholders' equity } & 78,000 \\\text { Average assets } & 160,000 & \text { Total liabilities } & 42,000 \\\text { Total assets } & 120,000 & &\end{array}$$ Average common shares outstanding was 15,000.

• A)$ 8,000
• B)$ 32,000
• C)$ 10,000
• D)$ 16,000

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Definitions:

Superego

In psychoanalytic theory, the part of the personality responsible for moral standards and conscience.

Inferiority Complex

The belief that one is of lower status or weaker than others.

Alfred Adler

An Austrian psychologist and founder of the school of individual psychology, who emphasized the importance of feelings of inferiority and community in shaping human behavior.

Karen Horney

A psychoanalyst known for her theory on neurotic personality development and her disagreements with Freud on concepts of female psychology.