Consider the Following Transactions: I

question 104

Multiple Choice

Consider the following transactions: I. Owners invested $8,000 cash to begin the business
II. Provided services for cash, $6,000
III. Provided services on account, $4,000
IV. Paid cash for expenses, $7,500
How much net income did the business have?

• A)$ 2,500
• B)$ 4,500
• C)$ 6,500
• D)$10,500

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Definitions:

Projective Test

Presentation of an ambiguous stimulus, such as an inkblot, to a client, who then projects unconscious motives and issues onto the stimulus in his or her interpretation of its content.

Survey

A method of collecting data from a pre-defined group by asking questions and recording responses, often used in research to gather information on attitudes, opinions, or behaviors.

Symptom Questionnaire

Questionnaire that assesses what symptoms a person is experiencing.

Personality Inventory

A questionnaire or assessment tool used to evaluate a person's character traits and personality.