A Corporation Had the Following Account Balances on Its December

question 122

Multiple Choice

A corporation had the following account balances on its December 31,year 1,and post-closing trial balance: $\begin{array}{|l|r|}\hline \text { Common shares......................... } & \$ 1,000 \\\hline \text { Preferred shares.................. } & 760 \\\hline \text { Appropriated for future plant expansion..... } & 200 \\\hline \text { Unappropriated retained earnings............ } & 100 \\\hline \text { Bond sinking fund................ } & 80\\\hline\end{array}$ Additional information: During the year a $50 cash dividend on preferred shares and a $50 cash dividend on common shares were declared.At December 31,year 1,total stockholders' equity is:

• A)$2,140
• B)$2,060
• C)$2,040
• D)$1,940

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Definitions:

Centralized

Refers to a system or organization where decision-making authority is concentrated at a single point or in a single person.

Degree Centrality

In network analysis, it is a measure of the number of connections a node has to other nodes in the network, indicating its importance or influence within the network structure.

Social Network Analysis

A methodology for investigating social structures through the use of networks and graph theory, analyzing the relational ties between individuals or entities.

Older Method

This term refers to a technique, practice, or procedure that has been used in the past, suggesting that it might be outdated or replaced by more modern approaches.