Kong Inc Reported Net Income of $298,000 During 2015 and Paid

question 136

Multiple Choice

Kong Inc. reported net income of $298,000 during 2015 and paid dividends of $26,000 on common stock. It also has 10,000 shares of 6%, $100 par value cumulative preferred stock outstanding. Common stockholders' equity was $1,200,000 on January 1, 2015, and $1,600,000 on December 31, 2015. The company's return on common stockholders' equity for 2015 is:

• A)17.4%
• B)17.0%
• C)15.1%
• D)21.3%

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Definitions:

Kant's Theory

A philosophical approach developed by Immanuel Kant, emphasizing duty, moral law, and the categorical imperative.

Offenders

Individuals who have committed a violation of the law or a specific offense.

Autonomous Moral Agents

Individuals or entities capable of making their own ethical decisions and bearing responsibility for those decisions.

Justified Individuals

Persons whose actions or beliefs are deemed ethical, legal, or right based on moral or legal grounds.