Cudahy Company Had the Following Transactions

question 143

Multiple Choice

Cudahy Company had the following transactions:
1) The owner started the company by investing $10,000 of cash.
2) The company paid $2,000 for six months of rent.The rent was paid in advance.
3) The company acquired $3,000 in inventory for cash.
4) The company sold inventory costing $1,400 for $2,900 on account.
After all these transactions,what is the balance in the cash account?

• A) $2,100
• B) $3,500
• C) $5,000
• D) $8,000

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Definitions:

Cannon-Bard Theory

A theory of emotion that proposes that emotional and physiological responses to stimuli occur simultaneously.

Physiological Arousal

The physical changes in the body associated with emotions and stress, such as increased heart rate or sweating.

Experience Of Emotion

The complex psycho-physiological experience of an individual's state of mind as interacting with biochemical (internal) and environmental (external) influences.

Cannon-Bard Theory

A theory of emotion that argues that physiological arousal and the emotional experience occur simultaneously and independently.