Exhibit 2-1 Refer to Exhibit 2-1

question 51

Multiple Choice

Exhibit 2-1 $\begin{array}{lll}\text { Total Liabilities } & \text { Total Assets } & \\\$ 60,000 & \$ 100,000 & \text { Beginning of the year } \\\$ 325,000 & \$ 500,000 & \text { End of the year }\end{array}$

Refer to Exhibit 2-1. What is net income, assuming $50,000 of stock was issued and no dividends were paid?

• A) $110,000
• B) $85,000
• C) $70,000
• D) $200,000

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Definitions:

Morphemes

The smallest meaningful units in a language, such as roots, prefixes, and suffixes.

Syntax

The set of rules, principles, and processes that govern the structure of sentences in a language, especially regarding word order and punctuation.

Psycholinguists

Researchers who study the psychological and neurobiological factors that enable humans to acquire, use, comprehend, and produce language.

Semantics

The branch of linguistics and logic concerned with meaning, including the relationships between words and symbols and what they represent.