The Following Is Selected Information from Jamison Corporation for the Fiscal

question 176

Multiple Choice

The following is selected information from Jamison Corporation for the fiscal year ending December 31, 2022. $\begin{array}{lr}\text { Cash received from customers } & \$ 300,000 \\\text { Revenue recognized } & 470,000 \\\text { Cash paid for expenses } & 280,000 \\\text { Cash paid for computers on January 2 (annual depreciation is } \$ 15,000 \text { ) } & 60,000 \\\text { Expenses incurred (excluding any depreciation) } & 290,000 \\\text { Proceeds from bank loan } & 100,000 \\\text { Owner drawings } & 50,000\end{array}$ What is Jamison Corporation's net income for the year ending December 31, 2022?

• A) $15,000.
• B) $165,000.
• C) $205,000.
• D) $265,000.

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Definitions:

Resistance To Change

The unwillingness to accept or support modifications in the workplace.

Participation

The act of taking part or being involved in activities or events.

Division Of Labor

The degree to which certain jobs are divided into specific tasks.

Specific Tasks

Concrete pieces of work or assignments that have clear objectives and are often part of a larger project or goal.