The total assets and the total liabilities of a business at the beginning and at the end of the year appear below. During the year, the owner had withdrawn $60,000 for personal use and had made an additional investment of $45,000 in the business. Assets Liabilities Beginning of year $305,000 $200,000 End of year 365,000 230,000 The amount of net income for the year was
A) $45,000
B) $60,000
C) $75,000
D) $90,000
A
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Two managers of a company have a conflict over resources required to complete their new projects. Both managers want the best employees of the firm to work in their projects. Eventually, they arrive at a decision where they equally share the number of top-performing employees. In the given scenario, which of the following methods have the managers used to resolve the conflict?
A) ?Domination B) ?Coercion C) ?Compromise D) ?Mediation
The Income Summary is classified as an asset account
Indicate whether the statement is true or false
Matching
Column 1 Column 2 7. Laws define the rights and duties of parties and establish the legal basis for any lawsuit. a. Procedural laws 8. The determination of where a lawsuit should be filed. b. Substantive laws 9. A state law that prohibits drunk driving. 10. The time limit for filing the action.
Preparing for an Interview Interview practices and expectations vary with each situation. In order to give an effective interview no matter what the circumstances, you will need to prepare adequately. Proper interview preparation involves many levels of planning and should be taken seriously. Preparation helps candidates align _________. A. social networking sites B. their qualifications with the
company's needs C. their schedules Fill in the blank(s) with correct word