Spettel Corporation's Comparative Balance Sheet Appears Below: the Company's

question 67

Multiple Choice

Spettel Corporation's comparative balance sheet appears below: The company's net income (loss) for the year was $11,000 and its cash dividends were $2,000.
-Which of the following classifications of changes in balance sheet accounts as sources and uses is correct?

• A) The change in Accounts Payable is a use; The change in Accrued Wages and Salaries payable is a use
• B) The change in Accounts Payable is a source; The change in Accrued Wages and Salaries payable is a use
• C) The change in Accounts Payable is a source; The change in Accrued Wages and Salaries payable is a source
• D) The change in Accounts Payable is a use; The change in Accrued Wages and Salaries payable is a source

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Definitions:

Team-oriented

A focus or preference for working collaboratively in groups or teams to achieve common goals.

Autonomous

Having the ability or power to make decisions independently, without external influence or control.

Humane Orientations

Leadership or organizational cultures that prioritize compassionate, ethical, and people-centric values and practices.

GLOBE Studies

Cross-cultural research studies focusing on understanding the impact of culture on leadership and organizational behavior.