The following summary balance sheet account categories of Sun Company increased during 2013 by the amounts shown: Assets .....................$178,000 Liabilities ...........................$54,000 Capital Stock ............$120,000 Additional Paid-in Capital ....$12,000 The only change to retained earnings during 2013 was for $26,000 of dividends. What was Sun Company's net income for 2011?
a. $34,000
b. $26,000
c. $18,000
d. $8,000
C
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Dark Corp began operations on March 1, 2016 . The corporate charter authorized issuance of 3,000 shares of $2 par value common stock. Dark sold all of the stock on March 1 . On May 1, Dark repurchased 2,000 of the outstanding shares. On May 14, Dark sold 1,200 of the treasury shares. On June 1, Dark declared a 2-for-1 stock split. As a result of the split, what occurred?
a. Assets declined. b. Stockholders' equity increased. c. Stockholders' equity decreased. d. Total stockholders' equity stayed the same.
When recording meeting minutes, which of the following would be most helpful for attendees?
A) A list of those who were invited but didn't attend B) A list of comments from each participant C) All major decisions reached D) Discussion points E) A list of those who attended
Which of the following is the final stop in the distribution channel in which organizations sell goods and services to consumers for their personal use?
A) franchising B) retailing C) brokering D) wholesaling E) disintermediation
The major objective of discipline is to change ______.
a. attitudes b. behaviors c. perceptions d. beliefs