Consider the Following Information

question 44

Multiple Choice

Consider the following information.
(i) $20 000 of accounts payable was paid.
(ii) $100 000 from accounts receivable was received.
(iii) Inventory of $200 000 was purchased on credit.
(iv) Credit sales of $700 000 (cost of goods sold was $450 000) were made.
(v) $10 000 of prepayments expired during the month.
Assets increased during the period by:

• A) $220 000
• B) $250 000
• C) $420 000
• D) $430 000.

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Definitions:

Primary Motivation

The fundamental driving force behind an individual's actions, interests, or goals.

Intrinsic Motivation

The drive to engage in an activity for its own sake, rather than for some external reward or outcome.

Fascinated

Experiencing an intense interest or attraction that fully captivates one's attention.

Grade Point Average

A numerical calculation averaging the grades achieved in all of a student's courses, used as a measure of academic achievement.