Use the Following Data to Determine the Total Dollar Amount

question 96

Multiple Choice

Use the following data to determine the total dollar amount of assets to be classified as investments. $\begin{array} { l } \text {Edie's Flomer Shoppe }\\\text {Balance Sheet }\\\text { December 31,2022 }\\\begin{array}{lr}\text { Cash } & \$ 126,000 \\\text { Accounts receivable } & 120,000 \\\text { Inventory } & 210,000 \\\text { Prepaid insurance } & 90,000 \\\text { Stock investments } & 255,000 \\\text { Land } & 285,000\\\text { Buildings } & \$ 339,000 & \\\text { Less: Accumulated } & & \\\quad \text { depreciation } (60,000) & 279,000 \\\text { Trademarks } & 210,000 \\\text { Total assets } & \$ 1575,000\end{array}&\begin{array}{lr}\text { Accounts payable } & \$ 165,000 \\\text { Salaries and wages payable } & 30,000 \\\text { Mortgage payable } & 270,000 \\\hline \text { Total liabilities } & 465,000\\\\\\\text { Common stock } & \$ 360,000 \\\text { Retained earnings } &{750,000}\\\text { Total stockholders' equity } & 1,110,000 \\\text { Total liabilities and } & \\\text { stockholders' equity } & \$ 1,575,000\end{array}\end{array}$

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Definitions:

Social Anxiety Disorder

A mental health condition marked by intense fear of social situations due to worries about being judged negatively, embarrassed, or humiliated.

Social Performance

The effectiveness and manner in which an individual interacts in social contexts, including the ability to fulfill roles and manage relationships.

Ornithophobia

An abnormal and irrational fear of birds, often resulting in avoidance behavior and distress in the presence of birds.

Behavioral Treatment

A range of therapeutic interventions aimed at modifying maladaptive behaviors through learning principles, such as reinforcement, to improve mental health and functionality.