Lori Nichols Opened an Engineering Office and Titled the Business

question 52

Multiple Choice

Lori Nichols opened an engineering office and titled the business Engineering Enterprises P.C.During its first month of operations,it completed the following transactions: I.Lori invested $30,000 in the business,which in turn issued common stock to her.
V.The business borrowed $8,000 from the bank,issuing a note payable.
At the end of the month,Cash would equal:

• A)$30,000.
• B)$37,000.
• C)$43,000.
• D)$61,000.

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Definitions:

Eating Disorders

A range of psychological disorders characterized by abnormal or disturbed eating habits, such as anorexia nervosa or bulimia nervosa.

Depressive Disorders

The group of disorders marked by unipolar depression.

Antianxiety Medication

Drugs that are used to treat and manage anxiety symptoms by affecting the central nervous system.

Serotonin

A neurotransmitter that has a wide variety of functions in the human body, often associated with contributing to feelings of well-being and happiness.