A Company Had the Following Partial List of Account Balances

question 28

Multiple Choice

A company had the following partial list of account balances at year-end:

$\begin{array}{c}\begin{array}{|l} \hline\text {Gales Returns and Allowarices }\\ \hline\text {Accourt Receivable }\\ \hline \text { Bales Discouts}\\ \hline \text { Bales Reverue}\\ \hline \text { Bellirg ard Adrniristrative Expenses }\\ \hline\end{array}\begin{array}{|r|} \hline\$500\\ \hline9,000\\ \hline700\\ \hline57,200\\ \hline300\\ \hline\end{array}\end{array}$
The amount of net sales reported on the income statement would be:

• A)$57,200.
• B)$64,200.
• C)$56,000.
• D)$55,700.

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Definitions:

Classical Conditioning

A learning process that occurs when two stimuli are repeatedly paired; a response that is at first elicited by the second stimulus is eventually elicited by the first stimulus alone.

Operant Conditioning

A learning process through which the strength of a behavior is modified by reinforcement or punishment.

Cognitive-Behavioral Therapy

A psychotherapeutic treatment that helps individuals understand the thoughts and feelings that influence behaviors, aimed at changing negative thought patterns and behaviors.

Relaxation Training

Techniques or exercises designed to reduce tension and stress, promoting physical and mental well-being.