Jenkins Company Began Business in June When Stockholders Invested $80,000

question 127

Multiple Choice

Jenkins Company began business in June when stockholders invested $80,000 in the business,which in turn issued its common stock to them.Jenkins Company then purchased a building for $40,000 cash and inventory for $20,000 cash,performed services for clients for $10,000 cash,purchased supplies for $5,000 cash,and paid utilities of $2,000 cash.What is the amount of Cash at the end of June?

• A)$20,000
• B)$23,000
• C)$30,000
• D)$43,000

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Definitions:

Impression Management

The process of consciously making efforts to control and influence the perceptions of others about oneself.

Interview Situations

Scenarios or contexts within which job interviews take place, influencing the dynamics and outcomes of the interview process.

Similarity Error

An error in judgment where individuals assess others based on their own characteristics or beliefs, rather than objective criteria.

Person Perception

Involves the process by which individuals form impressions and make judgments about other people.