Ponzi Corporation Ponzi Corporation reported the following information for the year ended December 31, 2012. Net income $100,000 Dividends 6,000 Retained earnings at December 31, 2012 $120,000 Refer to the information provided above for Ponzi Corporation. What was the balance of retained earnings at January 1, 2012?
A) $ 21,000
B) $ 26,000
C) $106,000
D) $214,000
B
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On June 1, Scotter Company purchased equipment at a cost of $120,000 that has a depreciable cost of $90,000 andan estimated useful life of 3 years or 30,000 hours. Using straight-line depreciation, calculate depreciation expense for the first year
a. $12,500 b. $30,000 c. $17,500 d. $40,000
Which statement highlights weak uncertainty avoidance?
a. One group's truth should not be imposed on others. b. Scientific opponents cannot be personal friends. c. Citizen protest should be repressed. d. Negative attitudes are expressed toward young people.
Ryland, an officer for Sports Park, Inc, attempts to apply a duty-based approach to ethical reasoning in conflicts that occur on the job. This approach is based on the idea that a person must A) achieve the greatest good for the most people
B) avoid unethical behavior regardless of the consequences. C) conform to society's ethical standards. D) place his or her employer's interest first.
Culture helps a group understand which actions are acceptable and which are unacceptable.
Answer the following statement true (T) or false (F)