On January 1, 2017, Tri-State Industries Had Cash and Common

question 132

Multiple Choice

On January 1, 2017, Tri-State Industries had cash and common stock of $180,000. At that date the company had no other asset, liability or equity balances. On January 2, 2017, it purchased $160,000 of equity securities for cash that it classified as available-for-sale. It received cash dividends of $12,000 during the year on these securities. In addition, it had an unrealized holding gain on these securities of $32,000 net of tax. Based on this information, what is the amount of comprehensive income in 2017?

• A) $44,000
• B) $20,000
• C) $12,000
• D) $32,000

Comprehend the process and principles of visioning in organizational contexts.

Understand the significance of SWOT analysis in strengthening leadership and organizational strategy.

Acknowledge the necessity of revisiting and adjusting organizational vision in response to changing conditions.

Understand the principles and applications of visioning in organizational culture and behavior.

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Definitions:

Imports

Goods or services brought into one country from another for the purpose of sale.

Comparative Advantage

A principle that states a country should produce goods and services at a lower opportunity cost than its trade partners.

Monetary Cost

The total amount of money that is spent in order to purchase goods or services.

Resources

Inputs or assets used in the production of goods and services, including labor, capital, and natural materials.