Wong Ho Company Had the Following Transactions During 2013

question 124

Multiple Choice

Wong Ho Company had the following transactions during 2013:
-Sales of ¥11,000 on account
-Collected ¥4,000 for services to be performed in 2014
-Paid ¥1,250 cash in salaries
-Purchased airline tickets for ¥500 in December for a trip to take place in 2014
What is Wong Ho's 2013 net income using accrual accounting?

• A) ¥9,750.
• B) ¥13,750.
• C) ¥13,250.
• D) ¥9,250.

---

Definitions:

Blood Pressure

The force exerted by circulating blood upon the walls of blood vessels, typically measured in the arteries.

Tension Reduction Hypothesis

A theory suggesting that individuals engage in certain behaviors, such as substance use, to reduce psychological tension or stress.

Positive Reinforcement

A behavioral principle where the addition of a rewarding stimulus following a desired behavior increases the likelihood of that behavior being repeated in the future.

Inconsistent Support

Fluctuating levels of assistance and encouragement from a source, which may lead to feelings of uncertainty and instability.