Hawk Corp.prepared a draft of its 2014 balance sheet.The draft statement reported current liabilities totaling $200,000.However,none of the following items were included in this preliminary total at December 31,2014:
At which amount should Hawk's current liabilities be correctly reported in the December 31,2014,balance sheet?
Definitions:
Personality and Work Preference Types
The theory that individuals' personalities make them more suited to certain types of occupations or work environments than others.
John Holland
An American psychologist best known for his career development theory that matches job environments with individual personalities and preferences.
Stratification System
A stratification system is the hierarchical arrangement of individuals in a society, often based on factors such as wealth, power, race, or social status.
Credentialism
The practice of valuing credentials for jobs or social status more than actual skills or abilities.
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