Consider the Following Account Balances of the Shattuck Law Firm

question 21

Multiple Choice

Consider the following account balances of the Shattuck Law Firm as of December 31, 2012: $$\begin{array} { l r } \text { Accounts Payable } & \$ 4,400 \\\text { Salaries Expense } & 12,800 \\\text { Cash } & 1,700 \\\text { Common Stock } & 2,400 \\\text { Service Revenue } & 8,300 \\\text { Supplies } & 4,300 \\\text { Retained Earnings } & 1,100 \\\text { Utilities Expense } & 5,000\end{array}$$ How many of these accounts would appear in Shattuck's 2012 balance sheet?

• A) Five.
• B) Four.
• C) Three.
• D) Two.

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Definitions:

Normative Life

Refers to a concept describing typical life stages and events that most people experience in a society.

Cultural

Pertaining to the ideas, customs, social behaviors, and artifacts of a particular society, group, or time.

Individual

refers to a single, separate organism or entity, especially when considered as distinct from others.

Erikson's Theory

A psychosocial development theory by Erik Erikson that outlines eight stages of development throughout the human lifespan, each characterized by a central conflict.