Ashley's Accessory Shop Started the Month of June 2022 with Total

question 50

Multiple Choice

Ashley's Accessory Shop started the month of June 2022 with total assets of $210,000 and total liabilities of $120,000.During June, the business recorded $330,000 in revenues, $165,000 in expenses, and dividends of $60,000.Stockholders' equity at the end of June was

• A)$180,000.
• B)$165,000.
• C)$195,000.
• D)$105,000.

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Definitions:

Scientific Goal

The aim or objective of conducting research to discover, interpret, or revise facts, behaviors, theories, or applications.

Behavior

The observable actions or responses of an organism, typically in response to its environment or internal cues.

Functionalism

James’s approach to mental processes, emphasizing the functions and purposes of the mind and behavior in the individual’s adaptation to the environment.

William James

An American philosopher and psychologist, often referred to as the father of American psychology.