Netherland Corporation Has the Following Unadjusted Balances: Accounts Receivable, $80,000 $$\begin{array} { | l | r | r | } \hline \text { Accounts Recivable } & 80,000 & \\\hline \text { Sales } & & 80,000 \\\hline\end{array}$$

question 16

Multiple Choice

Netherland Corporation has the following unadjusted balances: Accounts Receivable, $80,000 (debit) , and Allowance for Sales Discounts $300 (credit) . Of the receivables, $50,000 of them are within the 2% discount period, and Netherland expects buyers to take $1,000 in future-period discounts ($50,000 × 2%) arising from this period's sales. The adjusting entry to estimate sales discounts is (are) :

• A) \[\begin{array} { | l | r | r | }
• \hline \text { Accounts Recivable } & 80,000 & \\
• \hline \text { Sales } & & 80,000 \\
• \hline
• \end{array}\]
• B) \[\begin{array} { | l | r | r | }
• \hline \text { Sales Discounts } & 700 & \\
• \hline \text { Allowance for Sales Discounts } & & 700 \\
• \hline
• \end{array}\]
• C) \[\begin{array} { | l | r | l | }
• \hline \text { Sales Discounts } & 50,000 & \\
• \hline \text { Sales } & & 50,000 \\
• \hline \text { Cost of Goods Sold } & 1,000 & \\
• \hline \text { Inventory Returns Estimated } & & 1,000 \\
• \hline
• \end{array}\]
• D) \[\begin{array} { | l | r | r | }
• \hline \text { Sales Discounts } & 1,000 & \\
• \hline \text { Allowance for Sales Discounts } & & 1,000 \\
• \hline
• \end{array}\]
• E) \[\begin{array} { | l | r | r | }
• \hline \text { Sales Discounts } & 1,000 & \\
• \hline \text { Accounts receivable } & & 1,000 \\
• \hline
• \end{array}\]

Identify the procedures and considerations in setting up an experimental research design.

Understand the significance of cause-and-effect relationships in experimental research.

Appreciate the complexity of designing experiments with multiple independent or dependent variables.

Understand the causes and effects of Cold War tensions and conflicts, including the Korean War.

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Definitions:

Agreeableness

A personality trait characterized by warmth, kindness, and a willingness to cooperate and get along with others.

Diffusion of Responsibility

A psychological phenomenon in which individuals in a group are less likely to take action or feel responsible because the presence of others is seen to dilute personal responsibility.

Just World Hypothesis

The belief that the world is fundamentally fair, leading people to rationalize an undeserved, bad outcome as deserved.

Moral Foundation Theory

A social psychological theory that describes the origins of human moral reasoning on the basis of innate, modular foundations.