Following Is a List of Account Balances (Except for Owner's

question 156

Multiple Choice

Following is a list of account balances (except for owner's capital) of Wilson Mowing Service as of December 31 of the first year of operation: The proprietor, J.D. Wilson, contributed $3,000 at the beginning of the year; during the year, the proprietor took $12,000 in drawings.
At the end of the year, what is net income?

• A)$21,200
• B)$11,900
• C)$12,200
• D)$24,100

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Definitions:

Job Applicants

Individuals who apply for a position within an organization, signaling their interest in joining the company.

External Recruitment

The process of filling job vacancies with candidates from outside the organization, as opposed to promoting or transferring existing employees.

Employee Referrals

A hiring method where existing employees recommend potential candidates for open positions within their organization.

Divisional Transfers

The movement of resources, employees, or assets between divisions within the same organization.