The Income Statement for the Month of June, 2022 of Snap

question 109

Multiple Choice

The income statement for the month of June, 2022 of Snap Shot, Inc. contains the following information: $\begin{array}{lr}\text { Revenues }&&\$7,300\\\text { Expenses: }\\\text { Salaries and Wages Expense } & \$ 3,000 \\\text { Rent Expense } & 1,300 \\\text { Advertising Expense } & 700 \\\text { Supplies Expense } & 200 \\\text { Insurance Expense } & 100 \\\text { Total expenses }&&5,300\\\text { Net income (loss) }&&\$2,000\end{array}$ At June 1, 2022, Snap Shot reported owner's equity of $36,000. The company had no owner drawings during June. At June 30, 2022, the company will report owner's equity of

• A) $30,700.
• B) $36,000.
• C) $38,000.
• D) $43,300.

---

Definitions:

Plasticity

(1) Range of modifiability of performance. (2) Modifiability, or “molding,” of the brain through experience.

Brain Growth

The process involving the increase in size and complexity of the brain; significant especially during childhood and adolescence.

Cognitive Growth

Refers to the development in one’s ability to think, solve problems, and understand complex concepts as they age.

Malnutrition

A condition that results from eating a diet in which nutrients are either not enough or are too much, causing health problems.