Exhibit 2-1 Refer to Exhibit 2-1

question 35

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 no stock was issued and dividends of $25,000 were paid?

• A) $110,000
• B) $150,000
• C) $160,000
• D) $200,000

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Definitions:

Strengths and Weaknesses

The positive attributes and skills (strengths) versus the limitations or areas needing improvement (weaknesses) inherent in an individual or entity.

Quantitative Research

A research method that involves the collection and analysis of numerical data to understand patterns, relationships, or trends.

Research Methods

Systematic processes used in academic and professional fields to gather, analyze, and interpret data in order to draw conclusions or make informed decisions.

Approach-avoidance

A psychological conflict that occurs when a person is simultaneously drawn to and repelled by the same goal or object.