Strum Hardware Has Total Assets of $60,000

question 19

Multiple Choice

Strum Hardware has total Assets of $60,000. What are the total Assets if new building is purchased for $5,000 cash?

• A) $70,000
• B) $65,000
• C) $55,000
• D) $60,000

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Definitions:

Responsibility

The condition or reality of being obligated to manage something or to have authority over an individual.

Decision Making

Decision Making is the cognitive process of selecting a course of action among multiple alternatives.

ERG Theory

A theory of human motivation that categorizes needs into existence, relatedness, and growth, proposing that these needs can be pursued simultaneously.

Performance Ratings

Evaluations or assessments of an employee's job performance over a specific period.