During February 2011, Its First Month of Operations, the Owner

question 136

Multiple Choice

During February 2011, its first month of operations, the owner of Alona Enterprises invested cash of $50,000.Alona had cash revenues of $8,000 and paid expenses of $14,000.Assuming no other transactions impacted the cash account, what is the balance in Cash at February 28?

• A)$6,000 credit
• B)$44,000 debit
• C)$58,000 debit
• D)$36,000 credit

Acknowledge the role of technology in facilitating cyberaggression and cyberbullying.

Discuss the impact of internet gambling and reasons behind the participation in cybersex.

Understand the factors influencing the physical effects of drugs.

Comprehend the history, societal views, and myths surrounding marijuana.

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Definitions:

Consideration

The value (usually money, service, or goods) exchanged between parties in a contract that compels them to fulfill their mutual obligations.

Preexisting Duty

An obligation that a party is already bound to by law or by some other agreement. The party may not use this as consideration in a new contract.

Promissory Estoppel

A judicial principle that stops one from retracting a pledge given to another if the latter has justifiably depended on the promise to their disadvantage.

Disputed Amounts

Refers to the sums of money under contention between parties in transactions or contracts, often leading to negotiation or legal actions.