Use the Following Information for Questions

question 36

Multiple Choice

Use the following information for questions.
Galba Corp.'s shareholders' equity at January 1, 2017 was:
Common shares, no par value; authorized 200,000 shares; During 2017, Galba had the following share transactions:
Acquired 2,000 treasury shares for $90,000
Sold 1,200 treasury shares at $50 a share
Retired the remaining treasury shares
No other share transactions occurred during 2017.
-Instead, assume Galba cancelled the 2,000 shares when it acquired them for $90,000.The journal entry to record the retirement would be

• A)Dr.Common Shares, $90,000; Cr.Cash, $90,000.
• B)Dr.Treasury Shares, $90,000; Cr.Cash, $90,000.
• C)Dr.Common Shares, $28,000; Dr.Contributed Surplus, $62,000; Cr.Cash, $90,000.
• D)Dr.Common Shares, $28,000; Dr.Retained Earnings, $62,000; Cr.Cash, $90,000.

Recognize the importance and impact of networks on power and influence in organizations.

Understand the concept of social capital and its contributions to accessing resources in a network.

Explain the processes and outcomes of resistance in power dynamics.

Recognize the significance of individual attributes, such as irreplaceability and values, in accepting influence.

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Definitions:

Declaration of Independence

A foundational document proclaimed on July 4, 1776, declaring the thirteen American colonies' independence from British rule.

French and Indian War

A conflict between Great Britain and France (1754-1763) in North America, part of a larger imperial struggle, the Seven Years' War, involving native American allies on both sides.

French Blockade

The use of naval forces by France to prevent ships from entering or leaving port, particularly during the Napoleonic Wars, as a means to weaken enemy countries economically.

Washington's Ability

Refers to the skills, leadership qualities, and strategic insights of George Washington, especially as a military commander during the American Revolution and as the first President of the United States.