[The Following Information Applies to the Questions Displayed Below

question 93

Multiple Choice

[The following information applies to the questions displayed below.]
The bookkeeper for Wood Mfg.made the following journal entry on January 30,2018:

-This transaction involves:

• A)The sale of land and building for $286,000.
• B)Payment of $221,000 on a note payable.
• C)The receipt of $65,000 cash.
• D)An increase in liabilities of $221,000.

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Definitions:

McClelland's Model

A psychological theory which states that the needs for achievement, power, and affiliation significantly influence human motivation and behavior.

Achievement Motive

refers to an individual's persistent effort and determination to reach goals and excel in tasks.

Standards Of Excellence

Criteria or benchmarks used to measure the quality or performance level of a product, service, or activity.

Self-Actualization

The realization or fulfillment of one's talents and potentials, considered as a drive or need present in everyone.