Use the following information to calculate at,or for the year ended,December 31,2013 (a)net income,(b)retained earnings,(c)total liabilities and stockholders' equity,and (d)accounts receivable.
Definitions:
Utility
In economics, a measure of satisfaction or happiness that a consumer derives from the consumption of goods and services.
Satisfaction
The fulfillment of one's needs or the pleasure derived from consuming goods or services.
Consuming It
Pertains to the act of using up resources or products to satisfy needs or desires.
Ability
The possession of the means or skill to do something.
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