Springer Corporation Had the Following Transactions in August: Earned $2,000

question 220

Multiple Choice

Springer Corporation had the following transactions in August: Earned $2,000 of revenues on account; collected $4,000 from a customer for services provided last month; incurred $600 of repair expense and paid cash; paid $200 for rent that it owed from the previous month.
What is the net income in August?

• A) $600
• B) $4,000
• C) $5,400
• D) $1,400

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Definitions:

Disadvantage

A disadvantage is a condition or situation that puts someone or something at a less favorable position compared to others.

High Self-monitors

Individuals who are highly aware of their own behavior and the social context, adjusting their actions and presentation to suit different situations.

Low Self-monitors

refers to individuals who consistently exhibit their true thoughts, feelings, and behaviors regardless of the social context, displaying less adaptation to social cues.

External Locus

Refers to a belief that outcomes in one's life are due to external forces and circumstances beyond individual control.