The Following Information Is for Bright Eyes Auto Supplies: Bright

question 15

Multiple Choice

The following information is for Bright Eyes Auto Supplies: Bright Eyes Auto Supplies
Balance Sheet
December 31, 2015
$\begin{array}{lrlr}\text { Cash } & \$ 40,000 & \text { Accounts Payable } & \$ 130,000 \\\text { Prepaid Insurance } & 80,000 & \text { Salaries and Wages Payable } & 50,000 \\\text { Accounts Receivable } & 100,000 & \text { Mortgage Payable } & 150,000 \\\text { Inventory } & 140,000 & \text { Total Liabilities } & 330,000\\\text { Land Held for Investment } & 180,000 \\\text { Land } & 250,000\\\text { Buildings } \$ 200,000 && \text { Common Stock } \$ 400,000\\\text { Less Accumulated } && \text { Retained Earnings } 340,000&740,000 \\\text { Depreciation } (60,000) & 140,000\\\text { Trademark } & 140,000 & \text { Total Liabilities and }\\\text { Total Assets }&\$1,070,000&\text { Stockholders' Equity }&\$1,070,000\end{array}$ The total dollar amount of assets to be classified as current assets is

• A) $140,000.
• B) $220,000.
• C) $360,000.
• D) $500,000.

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Definitions:

Zeal

Great energy, enthusiasm, or eagerness in pursuit of a cause or an objective.

Mindfulness-Based Stress Reduction

An evidence-based program that uses mindfulness meditation to help people manage stress, anxiety, depression, and pain.

Relaxation

The process of reducing tension and stress, bringing the mind and body into a state of calm and peace.

Awareness

The state of being conscious or cognizant of something, including surroundings, situations, or personal reactions.