Wang Company Had the Following Transactions During 2013

question 18

Multiple Choice

Wang Company had the following transactions during 2013:
-Sales of $10,800 on account
-Collected $4,800 for services to be performed in 2014
-Paid $3,100 cash in salaries
-Purchased airline tickets for $600 in December for a trip to take place in 2014
What is Wang's 2013 net income using cash basis accounting?

• A) $1,100
• B) $2,300
• C) $12,500
• D) $1,700

---

Definitions:

Community Psychologists

Professionals who study and work to improve the well-being of individuals within community settings, emphasizing social issues, and preventive measures.

Values

Core beliefs or ideals that guide an individual's behavior and decision-making, reflecting what is important to them.

Community-Based Action Research

Community-based action research is a collaborative approach to research that involves all stakeholders in the research process and aims to address community-specific issues.

Social Change

Any significant alteration over time in behavior patterns and cultural values and norms.