Use the Information Given Below (As at 30 June 2012)

question 4

Multiple Choice

Use the information given below (as at 30 June 2012) to answer the following questions:
$$\begin{array} { l r } &\$\\\text { Share capital } & 100000 \\\text { Equipment } & 150000 \\\text { Inventory } & 30000 \\\text { Accounts receivable } & 20000 \\\text { Accounts payable } & 30000 \\\text { Retained profits } & 80000 \\\text { Cash } & 10000\end{array}$$
Assume no dividends were declared during the year.
-What is the balance of total assets at 30 June 2012?

• A) $200 000
• B) $210 000
• C) $290 000
• D) $310 000.

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Definitions:

Self-fulfilling Prophecy

A belief or expectation that an individual or group holds about a future event that manifests because the individual or group acts in a way that supports the belief.

Stereotype Threat

The risk of confirming negative stereotypes about one's group, which can hinder performance in various domains.

Standardized Tests

Exams designed to measure a test taker's knowledge, skills, aptitudes, or classification in various subjects, with consistent procedures and scoring methods.

Inequality

The unequal distribution of resources, opportunities, rights, and power among individuals or groups in a society.