Best Plumbing Company Provides Plumbing Services

question 144

Multiple Choice

Best Plumbing Company provides plumbing services.Selected transactions of Best Plumbing Company are described as follows:
A.Received a $9,000 cash contribution from the owner,June Sharon.
B.Paid $6,000 cash for equipment to be used for plumbing repairs.
C.Borrowed $9,000 from a local bank and deposited the money in the checking account.
D.Paid $800 rent for the year.
E.Paid $200 cash for plumbing supplies to be used next year.
F.Completed a plumbing repair project for a local lawyer and received $6,000 cash.
Calculate the net income.Assume plumbing supplies of $200 are left.

• A)$600
• B)$5,800
• C)$6,000
• D)$5,200

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Definitions:

Juggernaut Of Modernity

A metaphor describing the unstoppable and transformative force of modernization and its impact on traditional societies and values.

Grand Theory

A broad, abstract, comprehensive conceptual framework used to theorize and interpret social phenomena, often encompassing multiple societies and long periods of historical time.

Unidirectional Prediction

A forecasting method where predictions proceed in one direction from cause to effect without feedback loops.

Entails Risk

Involves exposure to danger, harm, or loss as a consequence of an action or decision.