AK Distributors Had These Assets and Liabilities: Equity Is A)$2 300
B)$31 000
C)$5 300
D)$13 300

question 33

Multiple Choice

AK Distributors had these assets and liabilities: Equity is: $\begin{array}{lr}&\$\\\text { Cash in hand } & 4000 \\\text { Bank overdraft } & 11000 \\\text { Sundry creditors } & 3000 \\\text { Inventory } & 2700\\\text { Sundry debtors } & 8100 \\\text { Office furniture } & 4500 \\\text { Loan from P \& S Ltd } & 15000 \\\text { Motor vehicles } & 12000\end{array}$

• A)$2 300
• B)$31 000
• C)$5 300
• D)$13 300

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Definitions:

Phrase

A grouping of words that together express a concept or part of a sentence but does not constitute a complete sentence on its own.

Fifth Sensorimotor Substage

Refers to the fifth stage in Piaget's theory of cognitive development in infants, focusing on experimenting and discovering new ways to solve problems.

Piaget

A Swiss psychologist known for his pioneering work in child development, particularly his theory of cognitive development stages.

Violation-of-Expectation Tasks

Research methods used in cognitive psychology to study understanding or awareness by observing reactions to unexpected outcomes.