The Following Information Pertains to Gloria Company: Property, Plant And \begin{array}{rrrr}
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question 31

Multiple Choice

The following information pertains to Gloria Company: Property, plant and $\begin{array}{rrrr}\text { Currentassets } & \$ 200,000 & \text { Currentliabilities } & \$ 100,000 \\\text { equipment } & 400,000 & \text { Long term liabilities } & 200,000\\\text { Constructioninprogress } &50,000&\text { Stockholders'equity }&350,000\\\text { Total assets }&\$650,000&\text { Total equities }&\$650,000\end{array}$ $\begin{array}{rrrr}\text { Currentassets } & \$ 200,000 & \text { Currentliabilities } & \$ 100,000 \\\text { equipment } & 400,000 & \text { Long term liabilities } & 200,000\\\text { Constructioninprogress } &50,000&\text { Stockholders'equity }&350,000\\\text { Total assets }&\$650,000&\text { Total equities }&\$650,000\end{array}$ Invested capital is _ if it is defined as total assets employed.

• A) $650,000
• B) $350,000
• C) $550,000
• D) $600,000

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Definitions:

Taste Buds

Sensory organs located on the tongue that are primarily responsible for detecting the five established taste sensations: sweet, sour, salty, bitter, and umami.

Loss of Smell

The inability or decreased ability to perceive odors, also known as anosmia.

Sixties

Referring to the decade from 1960 to 1969, noted for significant cultural, political, and social change worldwide.

Presbyopia

A condition associated with aging where the eye loses its ability to focus on close objects, commonly occurring after age 40.