The following pre-closing accounts and balances were drawn from the records of Carolina Company on December 31, Year 1: Cash$1200? Accounts Receivable$900? Dividends 600? Common Stock 1075? Land 900? Revenue 900? Accounts Payable 500? Expense 600? Retained earnings 1725? What is the amount of net income that will be reported on the Year 1 income statement?
A. $300.
B. $900.
C. $100.
D. $600.
Answer: A
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What mechanism is used to provide a systematic assessment of an organization's performance in implementing socially responsible programs, often based on predefined goals?
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