Zapper Has Beginning Equity of $257,000, Net Income of $51,000

question 40

Multiple Choice

Zapper has beginning equity of $257,000, net income of $51,000, dividends of $40,000 and investments by stockholders of $6,000. Its ending equity is:

• A)$223,000.
• B)$240,000.
• C)$268,000.
• D)$274,000.
• E)$208,000.

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Definitions:

Open System

A social system in which status is based on achieved attributes.

Social Stratification

The hierarchical arrangement of individuals or groups in society based on wealth, power, race, education, etc., which affects their access to resources and opportunities.

Caste

A form of social stratification characterized by hereditary status, endogamy, and social barriers sanctioned by custom or law.

Meritocracy

A system in which advancement and rewards are allocated based on individual abilities and merits rather than on the basis of social status, wealth, or other external factors.