On December 1,2015,a Company Converted an Existing Account Receivable in the Amount

question 179

Multiple Choice

On December 1,2015,a company converted an existing account receivable in the amount of $6,000 to a note receivable to allow an extended payment period.The note is due in three months and includes an annual interest rate of 9%,The company prepares year-end financial statements on December 31 and recorded adjusting entries at that time.What entry should the company make on March 1,2016,when the interest is paid at maturity?

• A) Debit Cash and credit Notes Receivable for $6,135
• B) Debit Cash for $6,135, credit Notes Receivable for $6,000, and credit Interest Revenue for $135
• C) Debit Cash for $135, and credit Interest revenue for $135
• D) Debit Cash for $135, credit Interest Receivable for $45, and credit Interest Revenue for $90

Define and differentiate key existentialist and humanistic psychology terms.

Explain the process and criteria for achieving free will and authentic existence according to humanistic psychologists.

Understand the existential perspective on individual existence and experience.

Analyze the impact of psychotherapy on self-perception and psychological adjustment.

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Definitions:

Efficient Market Investors

Individuals or entities that operate under the assumption that all available information is already reflected in securities prices, indicating that it's hard to consistently achieve higher returns than the overall market.

Financial Statement Data

Quantitative information derived from the financial statements of a company, used for analyzing its financial health, performance, and position.

Portfolio Selection

The process of choosing a mix of investments to hold that aligns with investor goals, risk tolerance, and time horizon.

Regulatory Requirements

Rules and guidelines set by authoritative bodies that entities must follow in their operations and reporting.