Colby Corporation Has Provided the Following Information: • Operating Revenues

question 34

Multiple Choice

Colby Corporation has provided the following information: • Operating revenues from customers were $199,700.
• Operating expenses for the store were $111,000.
• Interest expense was $9,200.
• Gain from sale of plant and equipment was $3,300.
• Dividend payments to Colby's stockholders were $7,700.
• Income tax expense was $36,000.
• Prepaid rent was $5,000.
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How much was Colby's net income?

• A)$46,800.
• B)$39,100.
• C)$48,300.
• D)$52,700.

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Definitions:

Causal Attributions

The process by which individuals explain the causes of behavior and events, attributing them to internal dispositions or to external situations.

Personal Factors

Individual characteristics that influence behavior and attitudes, including personality traits, values, and personal experiences.

Environmental Factors

External elements, including geographical, biological, and socio-economic conditions that can impact behavior, health, and development.

Attribution Theory

A theory that explains how individuals infer the causes of their own and others' behavior and events.