Net Income Is Reported on the Income Statement at $63,000

question 150

Multiple Choice

Net income is reported on the income statement at $63,000. Adjusting entries for accrued salaries of $600 and amortization on equipment of $1,500 were accidentally omitted. The correct net income is:

• A)$65,100.
• B)$62,400.
• C)$61,500.
• D)$60,900.

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Definitions:

Neurotransmitter

Chemical substances in the nervous system that transmit signals across synapses from one neuron to another.

Adjunctive Psychotherapy

A supplementary psychotherapeutic treatment used in conjunction with a primary treatment to enhance its effectiveness or address additional aspects of a condition.

Lithium Treatment

A pharmacological intervention using lithium salts, commonly prescribed for bipolar disorder to help stabilize mood swings.

Psychodynamic Therapy

A type of therapy based on the psychoanalytic perspective, focusing on unconscious processes as they are manifested in a person's present behavior, with an emphasis on emotional and relationship issues.