Use the Following Information for Questions Venus Corp

question 207

Multiple Choice

Use the following information for questions Venus Corp.'s trial balance at December 31, 2014 is properly adjusted except for the income tax expense adjustment. Other financial data for the year ended December 31, 2014: - Included in accounts receivable is $720,000 due from a customer and payable in quarterly instalments of $90,000.The last payment is due December 29, 2016. - The balance in the future income tax liability account relates to a temporary difference that arose in a prior year, of which $30,000 is classified as a current liability. - During the year, estimated tax payments of $465,000 were charged to income tax expense. The current and future tax rate on all types of income is 35 percent.
-In Venus's December 31, 2014 statement of financial position, the current liabilities total is

• A)$2,435,000.
• B)$2,695,000.
• C)$2,200,000.
• D)$2,114,000.

Understand construct validity and its importance in research.

Identify different methodologies used by psychologists for data collection.

Distinguish between experimental and quasi-experimental designs.

Recognize biases and errors in research and understand the importance of the scientific method in mitigating them.

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Definitions:

Tennis Club

An organization or venue that offers facilities and membership for people interested in playing tennis.

Shareholder Voting Agreement

A contract among shareholders detailing how they will vote their shares on certain matters.

Irrevocable Proxy

A proxy or voting right given by a shareholder that cannot be revoked for a certain period, usually used in corporate settings.

Long-Term Proxies

Documents that authorize another individual to vote on behalf of a shareholder for an extended period.