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

Understand the procedures and consequences of enforcement of the Sherman Act, including both private and governmental actions.

Recognize the significance of market extension, product extension, and diversification mergers in antitrust considerations.

Apply knowledge of antitrust regulations to hypothetical business scenarios to determine legality and potential antitrust violations.

Interpret court decisions and their reasoning in landmark antitrust cases to understand legal precedents.

---

Definitions:

Quantity Demanded

The sum of a product or service that buyers are ready and capable of buying at a certain price point during a given period.

Inverse

The opposite or reverse relationship, where an increase in one variable leads to a decrease in another, and vice versa.

Price Floors

A minimum price set by the government for certain goods and services, intended to ensure fair conditions and prevent market price from falling below a certain level.

Surpluses

Occurs when the supply of a particular good or service exceeds its demand, often leading to a decrease in prices.