Use the Following Information for Questions

question 8

Multiple Choice

Use the following information for questions.
Financial statements for Bernard Corp.are presented below:
-The balance in the Common Shares account at December 31, 2017 was

• A)$260,000.
• B)$400,000.
• C)$460,000.
• D)$620,000.

---

Definitions:

Dental Coverage

A type of insurance or benefit plan that pays for the cost of dental care services, typically provided through employers.

Prescription Drug

A medication that legally requires a medical prescription to be dispensed.

Outsource

The practice of hiring third-party vendors to perform services or produce goods that were previously handled in-house.

Cafeteria Plans

A type of employee benefit plan that allows workers to choose from a variety of pre-tax benefits, adjusting the plan to their personal needs.