What is the ‘tension’ relating to values highlighted by Aronson (1960) ___________?
a. Humans are social animals living in a state of tension between values associated with their individuality and values associates with social conformance
b. Humans are social animals that control tension because they create values to establish norms of how to get along as individuals and as a society
c. Humans are social animals that use values as the building blocks of their culture, and so use culture to control tension
d. All of the above
a. Humans are social animals living in a state of tension between values associated with their individuality and values associates with social conformance
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A corporation issued 8% bonds with a par value of $1,080,000, receiving a $36,000 premium. On the interest date 5 years later, after the bond interest was paid and after 40% of the premium had been amortized, the corporation called the bonds at $1,069,200. The gain or loss on this retirement is:
A. $0. B. $10,800 gain. C. $32,400 gain. D. $10,800 loss. E. $32,400 loss.
Which of the following is NOT a way that marketers classify services?
A) services performed directly on the customer B) services performed directly on the customer's possession C) services performed indirectly on the customer D) services consisting of tangible actions E) services consisting of intangible actions
The following information was reported in a cash budget: Beginning cash balance $280,000 Cash payments 533,000 Cash receipts 370,000 Minimum cash balance desired 200,000 How much cash will the company have to borrow in order to meet its required needs?
a. $103,000 b. $163,000 c. $0 d. $83,000
Gomez Service Company paid their first installment on their Notes Payable in the amount of $2,000. How will this transaction affect the accounting equation?
A) Increase Liabilities (Notes Payable) and decrease Assets (Cash) B) Decrease Assets (Cash) and decrease Owner's equity (Note Payable Expense) C) Decrease Assets (Cash) and decrease Assets (Notes Receivable) D) Decrease Assets (Cash) and decrease Liabilities (Notes Payable)