Stosch Company's Balance Sheet Reported Assets of $142,000, Liabilities of $35,000

question 28

Multiple Choice

Stosch Company's balance sheet reported assets of $142,000, liabilities of $35,000 and common stock of $32,000 as of December 31, Year 1. If Retained Earnings on the balance sheet as of December 31, Year 2, amount to $98,000 and Stosch paid a $34,000 dividend during Year 2, then the amount of net income for Year 2 was which of the following?

• A) $23,000
• B) $57,000
• C) $75,000
• D) $34,000

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Definitions:

Conditioned Stimulus

A formerly indifferent cue that, through association with an unconditioned stimulus, comes to provoke a conditioned response.

Stimulus Generalisation

The tendency for the conditioned response to be evoked by stimuli that are similar to the conditioned stimulus used during learning.

Stimulus Discrimination

The ability to differentiate between two or more distinct stimuli, responding only to the specific stimulus conditioned.

Classroom Conditioning

The process of using behavioral psychology principles to encourage learning and desirable behavior within a classroom setting.