Use the Following Information for Questions

question 3

Multiple Choice

Use the following information for questions.
Financial statements for Bernard Corp. are presented below: BERNARD CORP. Total assets on the December 31, 2020 statement of financial position were $ 1,108,000. Accumulated depreciation on the equipment sold was $ 56,000.
-The balance in the Retained Earnings account at December 31, 2020 was

• A) $ 500,000.
• B) $ 440,000.
• C) $ 380,000.
• D) $ 180,000.

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Definitions:

Humanistic Approach

A psychological perspective emphasizing the study of the whole person, and the uniqueness of each individual, focusing on personal growth, self-actualization, and the concept of free will.

Personality Development

The gradual evolution of an individual's personality characteristics and traits over time, influenced by genetic, environmental, and social factors.

Subception

A psychological concept where an individual responds to stimuli below the level of conscious awareness, influencing feelings or behaviors.

Defense Process

Psychological strategies deployed by the ego to manage stress, conflict, and internal or external demands threatening the psyche.