The changes in the account balances and the following additional information are taken from the accounts of the Coalition Co.
Dividends for 2015 were $82,500.There were no transactions in 2015 affecting retained earnings other than the dividends and net income.Calculate the 2015 net income.
Definitions:
Organizational Communication
The study and practice of how information is shared and interpreted within the structure of an organization, affecting its dynamics and efficiency.
Entropy
The second law of thermodynamics, whereby over time a system naturally moves toward chaos and disorder, and dissipates. An open system staves off entropy through adaptation to change and is hence negentropic.
Radical Feminist
A branch of feminism that focuses on the patriarchal roots of inequality between men and women, advocating for a radical restructuring of society.
Collective Organizations
Groups or entities that operate based on collective decision-making and shared objectives or values.
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