Preparation of Balance Sheet
Prepare the Balance Sheet as of December

question 132

Essay

Preparation of balance sheet
Prepare the balance sheet as of December 31, 2009, for Gamma Company, from the following list of items which are arranged in random order. You must compute the amount for accounts payable to complete the balance sheet.
$\begin{array}{|l|r|l|l|r|}\hline \text { Accounts payable } & \$ ? & & \text { Land } & \$ 260,000 \\\hline \text { Office equipment } & \$ 41,600 & & \text { Notes payable } & \$ 377,000 \\\hline \text { Buildings } & \$ 533,000 & & \text { Accounts receivable } & \$ 97,500 \\\hline \text { Capital stock } & \$ 494,000 & & \text { Cash } & \$ 19,760 \\\hline & & & & \\\hline\end{array}$

Analyze the effect of news and public information on stock prices and how this aligns with or contradicts market efficiency.

Learn the significance of earning surprises and their subsequent effect on stock prices.

Understand the concept of the family life cycle and its stages.

Describe the roles of individual family members in the consumer purchase decision process.

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Definitions:

Autism

A developmental disorder characterized by difficulties in social interaction and communication, and by restricted or repetitive patterns of thought and behavior.

Theory Of Mind

People’s ideas about their own and others’ mental states—about their feelings, perceptions, and thoughts, and the behaviors these might predict.

Mirror Neurons

Frontal lobe neurons that fire when performing certain actions or when observing another doing so. The brain’s mirroring of another’s action may enable imitation and empathy.

Observational Learning

Observational learning is a learning process through watching others, retaining the information, and then later replicating the behaviors that were observed.