Which of the Following Combinations Results Does Not Result in the Same

question 260

Multiple Choice

Which of the following combinations results does not result in the same amount of net income reported on the income statement?

• A)Total revenues of $80,000 and total expenses of $60,000.
• B)Total revenues of $170,000 and total expenses of $150,000.
• C)Total revenues of $60,000 and total expenses of $40,000.
• D)Total revenues of $70,000 and total expenses of $60,000.
• E)Total revenues of $40,000 and total expenses of $20,000.

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Definitions:

Similarity

The state of being alike or having attributes in common, often used in psychology to explain patterns of grouping in perception and social relationships.

Reciprocity

A social norm of responding to a positive action with another positive action, rewarding kind actions.

Cognitive Dissonance

A psychological phenomenon involving discomfort felt by an individual when they hold conflicting beliefs, attitudes, or behaviors simultaneously.

Fundamental Attribution Error

The tendency to overemphasize personal characteristics and ignore situational factors in judging others' behavior.