Following Is an Extract of Account Balances of Aztec Moving

question 198

Multiple Choice

Following is an extract of account balances of Aztec Moving Services as of December 31, after the first year of operation. $$\begin{array} { | l | r | } \hline \text { Accounts Receivable } & \$ 6,000 \\\hline \text { Accounts Payable } & 4,000 \\\hline \text { Salaries Expense } & 5,000 \\\hline \text { Repairs Expense } & 500 \\\hline \text { Truck } & 11,000 \\\hline \text { Equipment } & 11,000 \\\hline \text { Notes Payable } & 8,500 \\\hline \text { Cash } & 7,300 \\\hline \text { Supplies Expense } & 1,500 \\\hline \text { Service Revenue } & 29,000 \\\hline \text { Gasoline Expense } & 2,900 \\\hline \text { Salaries Payable } & 200 \\\hline\end{array}$$ What is the amount of total assets at the end of the year?

• A) $17,000
• B) $35,300
• C) $22,000
• D) $29,300

Understand the impact of the Statute of Frauds on the enforceability of contracts involving the sale of goods.

Comprehend the doctrine of promissory estoppel and its potential to override the Statute of Frauds.

Acknowledge various forms of writings that satisfy the Statute of Frauds.

Understand the concept and importance of collaborative filtering in predicting consumer preferences.

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Definitions:

Diaphysis

The main or mid section (shaft) of a long bone, which is typically cylindrical in shape and contains the bone marrow and growth plates.

Ossification

The process by which bone is formed, renewed, and repaired in the body.

Cranium

The part of the skull that encloses the brain.

Uric Acid

A chemical created when the body breaks down substances called purines, excessive amounts of which can lead to gout and kidney stones.