The Balances of Select Accounts of Sandra Company as of December

question 35

Multiple Choice

The balances of select accounts of Sandra Company as of December 31,2016 are given below:

The insurance has been prepaid until June 30,2017.Determine the amount of total current assets reported on the balance sheet.

• A)$12,300
• B)$5,700
• C)$8,600
• D)$6,300

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Definitions:

Instincts

are innate, typically fixed patterns of behavior in animals and humans that are responses to specific stimuli and serve survival and reproductive purposes.

Cognition

Refers to the mental processes involved in gaining knowledge and comprehension, including thinking, knowing, remembering, judging, and problem-solving.

Seligman

Refers to Martin Seligman, a psychologist known for his work on the theory of learned helplessness and for promoting positive psychology.

Prepared Behaviors

Instinctual or predisposed behaviors that organisms are born with, which enhance survival and adaptation.