For Each of the Following, Determine the Amount of Net

question 134

Essay

For each of the following, determine the amount of net income or net loss for the year.(a)Revenues for the year totaled $71,300 and expenses totaled $35,500. The shareholders purchased $15,000 of common stock during the year.(b)Revenues for the year totaled $220,500 and expenses totaled $175,000. The shareholders were paid $40,000 dividends during the year.(c)Revenues for the year totaled $149,000 and expenses totaled $172,000. The shareholders purchased $12,000 of common stock and were paid $16,000 in dividends during the year.(d)Revenues for the year totaled $198,150 and expenses totaled $174,200. The shareholders were paid $35,000 dividends during the year.

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Definitions:

Culture of Conversation

Social norms and practices surrounding the ways in which conversations are conducted within a specific cultural or social group, influencing how communication unfolds.

Gender Role

The behaviors, attitudes, and activities expected or common for men and women in a given society based on societal norms.

Looking-glass Self

A social psychological concept suggesting that an individual's self-concept is shaped by how they believe others perceive them.

Mead's View

A perspective in sociology that emphasizes the importance of society in the development of individual self and identity, particularly through the process of symbolic interaction.