Use the Following Information to Answer Questions

question 9

Multiple Choice

Use the following information to answer questions
Packard Company engaged in the following transactions during 2015,its first year in operations: (Assume all transactions are cash transactions. )
1) Acquired $950 cash from the issue of common stock.
2) Borrowed $420 from a bank.
3) Earned $650 of revenues.
4) Paid expenses of $250.
5) Paid a $50 dividend.
During 2016,Packard engaged in the following transactions: (Assume all transactions are cash transactions. )
1) Issued an additional $325 of common stock.
2) Repaid $220 of its debt to the bank.
3) Earned revenues of $750.
4) Incurred expenses of $360.
5) Paid dividends of $100.
-The amount of assets on Packard's 2016 balance sheet is

• A)$2,115.
• B)$440.
• C)$2,215.
• D)$395.

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Definitions:

Sigmund Freud

An Austrian neurologist and the founder of psychoanalysis, a clinical method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Mental Causes

Factors originating in the mind that can lead to certain behaviors or psychological states.

Freudian Concepts

Ideas developed by Sigmund Freud that focus on the unconscious mind, the significance of childhood experiences, and defense mechanisms.

Empirically-Oriented Psychologists

Psychologists who focus on collecting and analyzing data to understand and explain human behavior.