If Total Assets Increased by $190,000 During a Specific Period

question 166

True/False

If total assets increased by $190,000 during a specific period and liabilities decreased by $10,000 during the same period, the period's change in total owner's equity was a $200,000 increase.

---

Definitions:

Ego

Refers to a person's sense of self-esteem or self-importance in psychoanalytic theory.

Humanistic Approaches

Ways of studying personality that emphasize self-actualization, where people seek to fulfill their potential through greater self-understanding.

Unconditional Positive Regard

A concept in client-centered therapy where the therapist offers the client complete support and acceptance.

Conditions of Worth

Standards imposed by others and internalized that a person believes they must meet to be valued or accepted.