[The Following Information Applies to the Questions Displayed Below

question 131

Multiple Choice

[The following information applies to the questions displayed below.]
Waldorf Co.had the following transactions during the month of October 2018:
(1) Cash received from bank loans was $60,000.
(2) Dividends of $18,500 were paid to stockholders in cash.
(3) Revenues earned and received in cash amounted to $100,500.
(4) Expenses incurred and paid were $78,000.
-What amount of net income will be reported on an income statement for the month of October?

• A)$ 18,500.
• B)$ 22,500.
• C)$ 78,000.
• D)$100,500.

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Definitions:

Mature Adults

Individuals who have reached an advanced stage of psychological development, characterized by a high level of emotional stability and responsibility.

Cardinal Traits

Core personality traits that are dominant and define a person's overall behavior and attitude.

Common Traits

Characteristics shared by most members of a population, often used in personality psychology to describe aspects of human behavior.

Ego Perception

An individual's awareness and understanding of their ego, which in psychoanalytic theory, refers to the conscious, rational part of the psyche.