Reinhoff Inc

question 222

Multiple Choice

Reinhoff Inc. reported total assets of €2,600,000, including €435,000 for inventory, and equity of €1,690,0000 on the December 31, 2014 statement of financial position. Reinhoff subsequently determined that the ending inventory was understated by €63,000. What is the corrected amount of equity for the year?

• A) €0.
• B) €1,627,000.
• C) €1,690,000.
• D) €1,753,000.

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Definitions:

Unconscious Mind

The unconscious mind consists of the processes in the mind that occur automatically and are not available to introspection, including memories, instincts, and desires that lie outside of conscious awareness.

Unconscious Motivation

A driving force behind behaviors that the individual is not aware of, deeply embedded in the unconscious mind.

Psychosexual Stages

Freud's theory of five developmental stages from infancy to adulthood, where pleasure shifts from one body part to another.