The Assets of Quinn's Business Increased by $40 000 and the Liabilities

question 14

Multiple Choice

The assets of Quinn's business increased by $40 000 and the liabilities increased by $5000 during the current year.If the profit for this period was $25 000,what additional contribution or withdrawal was made by the owner? Assume only a withdrawal or a contribution was made.

• A)Drawings $10 000
• B)Contribution $10 000
• C)Contribution $5000
• D)Drawings $5000

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Definitions:

Central

In the context of psychology or neuroscience, this could refer to central processes or systems within the brain that are crucial for various cognitive functions.

Somatic

Relating to the body, especially as distinct from the mind or the environment.

Neurotransmitter

Chemical substances in the body that transmit signals across synapses between neurons, playing a crucial role in brain function and communication.

Acetylcholine

A chemical messenger that plays a significant role in muscle activity and memory retention.