Given the Data Below for a Firm in Its First

question 28

Multiple Choice

Given the data below for a firm in its first year of operation determine net income under the accrual basis of accounting. $\begin{array} { l r } \text { Cash received from customers } & \$ 45,000 \\\text { Accounts receivable } & 12,000 \\\text { Cash paid for expenses } & 26,000 \\\text { Accounts payable (related to expenses) } & 3,000 \\\text { Prepaid rent for next period } & 7,000\end{array}$

• A)$19000
• B)$28000
• C)$21000
• D)$12000

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Definitions:

Feminist

A person who supports and advocates for the rights, equality, and social, economic, and political empowerment of women.

Symbolic Interactionism

A sociological theory that focuses on how individuals interpret and give meaning to symbols, shaping their social interactions.

Functionalism

A conceptual viewpoint within sociology that regards society as an intricate system where its components cooperate to foster unity and stability.

Feminism

A range of social movements, political movements, and ideologies that aim to define, establish, and achieve the political, economic, personal, and social equality of the sexes.