Use the Following Information for Questions 138-139

question 102

Multiple Choice

Use the following information for questions 138-139.
Saira's Service Shop started the year with total assets of $100,000 and total liabilities of $80,000. During the year, the business recorded $210,000 in revenues, $110,000 in expenses, and owner drawings of $20,000.
-The net income reported by Saira's Service Shop for the year was

• A) $80,000.
• B) $100,000.
• C) $60,000.
• D) $190,000.

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Definitions:

Reality Therapy

A form of counseling that emphasizes personal responsibility and focuses on the present rather than the past, helping individuals choose more effective behaviors to fulfill their needs.

Contextual Therapies

Therapies that focus on understanding and addressing the individual's environment, relationships, and context as integral to the process of healing and change.

Constructivism

A theory in education and psychology suggesting that humans construct knowledge and meaning through experiences and interactions with the world.

Objective Reality

A concept referring to the existence of an external world independent of personal perceptions or beliefs.