Khalid, Who Is Single, Reports the Following Items for 2019

question 73

Multiple Choice

Khalid, who is single, reports the following items for 2019: $$\begin{array} { l r } \text { Salary } & \$ 40,000 \\\text { Interest income on U.S. Treasury bonds } & 8,000 \\\text { Loss on theft of securities } & ( 60,000 ) \\\text { Interest income on New York state bonds } & 12,000\end{array}$$ What is Khalid's NOL for 2019?

• A)($10,000)
• B)($12,000)
• C)($16,100)
• D)($24,050)
• E)None of these.

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Definitions:

Helplessness

A state in which an individual feels unable to control events affecting them, leading to a lack of motivation and depression.

Negative Outcome Expectancy

The belief or anticipation that actions or events will lead to undesirable results.

Pessimistic Attributions

The tendency to explain the causes of negative events in one's life as internal, stable, and global.

Anchoring Effect

A cognitive bias where an individual relies too heavily on an initial piece of information (the "anchor") when making decisions.