Stosch Company's balance sheet reported assets of $40,000, liabilities of $15,000 and common stock of $12,000 as of December 31, Year 1. If Retained Earnings on the balance sheet as of December 31, Year 2, amount to $18,000 and Stosch paid a $14,000 dividend during Year 2, then the amount of net income for Year 2 was which of the following?
A. $21,000
B. $17,000
C. $13,000
D. $19,000
Answer: D
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Which of the following is a benefit of the backchannel?
A) Information can be verified immediately by the audience. B) Listeners can spread the message to a much larger audience, immediately. C) Audience members have more leverage. D) Backchannels can keep presentations from spinning out of control. E) There is more control over the feedback during and after the presentation.
Projects are often underfunded in the concept stage because:
A) The project requirements were deliberately understated. B) There is complete trust in project managers by top management so more resources can be asked for at any time. C) The project's goals are too clearly defined. D) The project's top management sponsor is too influential.
Which recommended practice that can encourage regular maintenance and renewal of change is when a meeting is often held offsite where organizational leaders or members meet to evaluate and discuss the change?
a. Periodic team meetings b. Organization sensing meetings c. Goal-directed performance review d. Renewal conferences
Prior to June 30, a company has never had any treasury stock transactions. A company repurchased 100 shares of its common stock on June 30 for $40 per share. On July 20, it reissued 50 of these shares at $46 per share. On August 1, it reissued 20 of the shares at $38 per share. What is the balance in the Treasury Stock account on August 2?
A. $1,200 Credit. B. $1,200 Debit. C. $2,600 Credit. D. $5,050 Debit. E. $100 Credit.