The Equity of Autumn Company Is $150,000 and the Total

question 88

Multiple Choice

The equity of Autumn Company is $150,000 and the total liabilities are $90,000. Its total assets would be:

• A)$300,000.
• B)$180,000.
• C)$60,000.
• D)$240,000.

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Definitions:

Birds-of-a-Feather Effect

The phenomenon that people tend to form relationships and bond with others who have similar characteristics, such as interests and values.

Foot-in-the-Door Effect

A psychological phenomenon where agreeing to a small request increases the likelihood of agreeing to a larger request later.

Proximity

In psychology, the closeness or physical distance between people that significantly affects attraction and relationship formation; in visual perception, a principle that elements close to one another are perceived as a coherent group.

Physical Attractiveness

The degree to which a person's physical features are considered aesthetically pleasing or beautiful by others.