The Robbins Foundation Is a Voluntary Health and Welfare Organization

question 14

Multiple Choice

The Robbins Foundation is a voluntary health and welfare organization funded by contributions from the general public. Care sold equipment for $35,000 which cost $140,000 and had a book value of $45,000 at the time of sale. In recording the sale, the foundation should:

• A) Record a loss of $10,000.
• B) Record a gain of $10,000.
• C) Record a loss of $5,000.
• D) Record a gain of $5,000.

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Definitions:

Aggression

Behavior intended to harm or intimidate others, which can be physically or verbally expressed.

Defense Mechanism

Psychological strategies unconsciously adopted to protect oneself from anxiety by distorting reality and hiding the source of anxiety from themselves.

Sublimation

A defense mechanism where socially unacceptable impulses or idealizations are transformed into socially acceptable actions or behavior.

Lung Cancer

A type of cancer that begins in the lungs, often associated with smoking, though non-smokers can also develop lung cancer.