The following is a summary of the increases in the account categories of the balance sheet of Riley Company for the most recent fiscal year: Assets $187,000 Liabilities $45,000 Capital Stock 125,000 Additional Paid-in Capital 12,000 The only change to retained earnings during the fiscal year was for $20,000 of dividends. What was the company's net income for the fiscal year?
a. $25,000
b. $15,000
c. $5,000
d. $20,000
A
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The stockholders' equity accounts of Jamison Corporation include $37,500 of common stock with a par value of $0.50, and 5,000 shares of treasury stock with a total cost of $25,000. The total number of shares outstanding for Jamison Corporation are:
A) 32,500 shares. B) 70,000 shares. C) 75,000 shares. D) 80,000 shares.
Goods in possession of bailees are considered to be in transit
Indicate whether the statement is true or false
Feelings are neither right nor wrong, but behavior is.
Answer the following statement true (T) or false (F)
The __________ approach recognizes that "business decisions consist of continuous, interrelated economic and moral components."
a. procedural b. systems c. conciliatory d. mandated