Pan Services,Inc B) $$\begin{array} { | l | r | r | } \hline \text { Cash } & 102,400 & \\\hline \text { Dividend Revenue } & & 102,400 \\\hline\end{array}$$

question 1

Multiple Choice

Pan Services,Inc.owns 32% of voting stock of Grey Investments,Inc.During the year 2017,Grey Investments,Inc.earned profits of $320,000.Under the equity method,which of the following journal entries will Pan Services record?

• A) \[\begin{array} { | l | r | r | }
• \hline \text { Long-term Investments-Grey Investments, Inc. } & 320,000 & \\
• \hline \text { Cash } & & 320,000 \\
• \hline
• \end{array}\]
• B) \[\begin{array} { | l | r | r | }
• \hline \text { Cash } & 102,400 & \\
• \hline \text { Dividend Revenue } & & 102,400 \\
• \hline
• \end{array}\]
• C) \[\begin{array} { | l| r | r | }
• \hline \text { Cash } & 102,400 & \\
• \hline \text { Long-term Investments-Grey Investments, Inc. } & & 102,400 \\
• \hline
• \end{array}\]
• D) \[\begin{array} { | l | r | l | }
• \hline \text { Long-term Investments-Grey Investments, Inc. } & 102,400 & \\
• \hline \text { Revenue from Investments } & & 102,400 \\
• \hline
• \end{array}\]

Comprehend the basic principles of psychodynamic therapies and their focus on unconscious processes and childhood experiences.

Understand the concept and importance of unconditional positive regard in therapy.

Grasp the differences between directive and non-directive therapy approaches.

Recognize the effectiveness of interpersonal therapy for depression and the importance of understanding clients' motives and emotions.

---

Definitions:

Economic Profit

The difference between a firm's total revenue and its total costs, including both explicit and implicit costs.

Profit-Maximizing Output

The level of production at which a company achieves the highest possible profit, where marginal cost equals marginal revenue.

Firm

A business organization, such as a corporation, partnership, or sole proprietorship, engaged in commercial, industrial, or professional activities.

Profit

An excess of sales revenue relative to the opportunity cost of production. The cost component includes the opportunity cost of all resources, including those owned by the firm. Therefore, profit accrues only when the value of the good produced is greater than the value of the resources used for its production.