Sinoyianis Realty Company Had the Following Balance Sheet Accounts and Balances

question 162

Multiple Choice

Sinoyianis Realty Company had the following balance sheet accounts and balances: If,$6,000 of Accounts Payable were paid in cash,what would be the total of liabilities and owner's equity?

• A)$28,000
• B)$34,000
• C)$46,000
• D)$52,000

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Definitions:

VALS

A psychographic tool used to categorize consumers into types based on their values, attitudes, lifestyles, and demographics.

Values and Lifestyles

A psychographic classification system categorizing consumers according to their values, lifestyles, attitudes, and demographics.

Psychographics

The examination and categorization of individuals based on their psychological attributes, goals, and attitudes, particularly for the purposes of market analysis.

Marketers

Individuals dedicated to identifying consumer needs and promoting goods or services to meet those needs.