Phosphoric Company Reported Capital Assets, Net of Accumulated Depreciation, on January

question 116

Multiple Choice

Phosphoric Company reported capital assets, net of accumulated depreciation, on January 1, 2013, at $645,000 and $732,500 on December 31, 2013. The income statement showed depreciation of $48,300 and a $5,600 loss on sale of capital assets. Phosphoric Company acquired $213,000 of capital assets during the year. The proceeds from the sale of capital assets were:

• A) $125,500
• B) $89,900
• C) $71,600
• D) $77,200

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Definitions:

Unconditional Positive Regard

A concept in client-centered therapy proposing that the therapist accepts and supports the client regardless of what the client says or does.

Transference

A phenomenon in psychoanalysis where patients project feelings about figures from their past onto their therapist.

Insight

The capacity to gain an accurate and deep intuitive understanding of a person or thing, often resulting in a clear understanding of a complex problem or situation.

Depression

A mood disorder characterized by persistent feelings of sadness, hopelessness, and loss of interest in activities.