Simple Solutions Company Reported Net Earnings of $60,000,declared and Paid

question 103

Multiple Choice

Simple Solutions Company reported net earnings of $60,000,declared and paid cash dividends on its common stock in the amount of $40,000 during the year,and sold 3,000 shares of $2 par value common stock for $15 per share during the year.What effects would these transactions have on the stockholders' equity accounts shown below? Retained Earnings Common Stock

• A)increase increase
• B)increase decrease
• C)decrease increase
• D)decrease decrease

Identify significant animal symbolism in African art.

Understand the impact of European contact on African art and culture.

Recognize the significance and origins of ceramic sculptures in West Africa.

Date key African art pieces through scientific methods like radiocarbon testing.

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Definitions:

Income Inequality

The unequal distribution of income among individuals or households within a population.

Goods And Services

The physical items (goods) and activities or benefits (services) that fulfill consumer needs and wants.

Progressive Tax

At the individual level, a tax whose average tax rate increases as the taxpayer’s income increases. At the national level, a tax for which the average tax rate (= tax revenue/GDP) rises with GDP.

Average Tax Rate

Total tax paid divided by total taxable income or some other base (such as total income) against which to compare the amount of tax paid. Expressed as a percentage.