Glendale Company Had the Following Transactions in August

question 168

Multiple Choice

Glendale Company had the following transactions in August:
Earned $5,000 of revenues on account;collected $2,000 from a customer for services provided last month;incurred $500 of repair expense and paid cash;paid $300 for rent that it owed from the previous month.
What is the net income in August?

• A)$500
• B)$2,000
• C)$6,500
• D)$4,500

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Definitions:

Interpersonal Conflicts

Disagreements or disputes between individuals, which can arise from differences in opinions, needs, or interests.

Symptom/Situational Level

The observable behaviors, thoughts, or emotions that indicate a deeper psychological or physiological issue within a specific context or situation.

Behavior Therapy

A type of psychotherapy that focuses on changing undesirable behaviors through reinforcement, punishment, and other learning principles.

Premature Terminator

An individual who ends therapy or counseling sessions before reaching the agreed upon goals or resolving the issues that instigated seeking help.