A Company's Balance Sheet Shows: Cash $24,000, Accounts Receivable $30,000

question 28

Multiple Choice

A company's balance sheet shows: cash $24,000, accounts receivable $30,000, equipment $50,000, and equity $72,000. What is the amount of liabilities?

• A) $104,000.
• B) $76,000.
• C) $32,000.
• D) $68,000.
• E) $176,000.

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Definitions:

Administer Shocks

This involves delivering electric shocks to an individual or animal in a controlled setting, often used in psychological experiments to study behavior and learning.

Agentic State

A psychological state in which an individual attributes their actions to the orders of an authority figure, thereby relinquishing responsibility.

Personal Responsibility

refers to the idea that individuals are accountable for their actions and decisions, holding themselves responsible for the outcomes of their behavior.

Critical Thinking

The objective analysis and evaluation of an issue in order to form a judgment, requiring skills such as logic, reasoning, and skepticism.