The Following Accounts Were Taken from the Adjusted Trial Balance

question 71

Multiple Choice

The following accounts were taken from the Adjusted Trial Balance columns of the work sheet: $\begin{array}{ll}\text { Accumulated Depreciation } & \$ 3,200 \\\text { Fees Earned } & 17,400 \\\text { Depreciation Expense } & 1,300 \\\text { Insurance Expense } & 400 \\\text { Frepaid Insurance } & 4,800 \\\text { Supplies } & 900 \\\text { Supplies Expense } & 3,800\end{array}$ Net income for the period is

• A) $5,500
• B) $11,900
• C) $17,400
• D) $8,700

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Definitions:

MBTI

Myers-Briggs Type Indicator, a personality inventory based on Jungian psychological types, used to understand individual differences.

TAT

A projective psychological test (Thematic Apperception Test) that asks respondents to tell stories about ambiguous pictures.

CPI

Consumer Price Index, a measure assessing the average change over time in the prices paid by consumers for a basket of goods and services.

Projective Tests

Types of personality tests in which individuals are presented with ambiguous stimuli and their responses are interpreted to uncover underlying thoughts, feelings, and traits.