Don and Larry Are Having a Beer in Vic's Bar

question 73

Multiple Choice

Don and Larry are having a beer in Vic's Bar and Grill.The two get into a disagreement and Don pushes Larry.Larry responds by punching Don in the nose.A full-blown fight erupts.In the course of the fight they break several tables and chairs valued at $600.The police arrive as the fight is ending.Neither Don nor Larry wishes to press charges against the other.However,the police officer would be correct in charging the two with:

• A)obstructing a passageway.
• B)disrupting a public meeting.
• C)disorderly conduct.
• D)riot.

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Definitions:

Retained Earnings

The portion of net income that is kept by the company rather than distributed to its shareholders as dividends.

Contributed Surplus

The value of anything of value that is given to a company in exchange for shares, above the par value of the shares.

Net Income

The total profit of a company after all expenses, including taxes and interest, have been deducted from total revenue.

Retained Earnings

Retained earnings are the accumulated net profits that a company chooses to keep rather than distribute to shareholders as dividends, often reinvested in the business.