Changes in Account Balances of Multi-Plus Inc Assuming That There Were No Charges to Retained Earnings Other

question 19

Multiple Choice

Changes in account balances of Multi-Plus Inc.during 2012 were: $$\begin{array} { l r } &\text {Increase}\\\text {Assets}&\$420,000\\\text {Liabilities}&125,000\\\text {Capital Stock}&100,000\\\text {Additional Paid-In Capital}&140,000\\\text {Retained Earnings}&?\\\end{array}$$ Assuming that there were no charges to retained earnings other than dividends of $62,000, the net income for 2010 was:

• A)($7,000)
• B)$55,000
• C)$117,000
• D)$257,000
• E)none of the answers are correct

Analyze various perspectives and proposals for income redistribution, including negative income taxes and the Earned Income Tax Credit.

Evaluate the impact of government intervention on income inequality and the economy's resource allocation.

Understand libertarian views on equal opportunities versus equal outcomes and their policy implications.

Understand the concept of income distribution and poverty rate.

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Definitions:

Operational Planning

The process of outlining specific procedures and processes aimed at achieving tactical goals within an organization.

Tactical Planning

Short-term, detailed planning that supports strategic planning goals by focusing on achieving specific objectives within a limited time frame.

Strategic Planning

The process of defining the direction and decisions for an organization, including setting goals and determining actions to achieve those goals.

Strategic Planning Process

involves defining a company's strategy or direction and making decisions on allocating its resources to pursue this strategy.