What Would Be the Amount of Cash Appearing on Whine's

question 8

Multiple Choice

What would be the amount of cash appearing on Whine's December 31, 2018 consolidated balance sheet (after the issue of shares to Chompster) ?

• A) $450,000.
• B) $610,000.
• C) $850,000.
• D)$810,000.

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Definitions:

Proactive Interference

The process by which previous memories obstruct the remembrance of newer ones.

Positive Transfer

The beneficial effect of past learning on the acquisition of new knowledge or skills.

Repressed

The involuntary suppression of thoughts, memories, or feelings from consciousness, often as a defense mechanism against trauma or stress.

Recovered Memories

Memories that have been forgotten or repressed, often of traumatic events, that are later retrieved or recalled.