[The Following Information Applies to the Questions Displayed Below

question 80

Multiple Choice

[The following information applies to the questions displayed below.]

Nelson Company experienced the following transactions during Year 1, its first year in operation.

Acquired $12,000 cash by issuing common stock
Provided $4,600 of services on account
Paid $3,200 cash for operating expenses
Collected $3,800 of cash from customers in partial settlement of its accounts receivable
Paid a $200 cash dividend to stockholders

-What is the amount of total assets that will be reported on the balance sheet as of December 31,Year 1?

• A)$12,400
• B)$12,600
• C)$13,400
• D)$13,200

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Definitions:

Gender Inequality

A social condition marked by unequal treatment or perception of individuals based on their gender.

Cultures

Socially transmitted behaviors, arts, beliefs, institutions, and all other products of human work and thought.

Gender Differences

The distinctions in characteristics and behaviors typically associated with being male or female, often influenced by social, cultural, and biological factors.

Sexuality

A complex part of human behavior and identity related to sexual orientation, attraction, and activities.