Lena Company Has Provided the Following Data (Ignore Income Taxes)

question 106

Multiple Choice

Lena Company has provided the following data (ignore income taxes) : 2016 revenues were $99,000.
2016 expenses were $47,800.
Dividends declared and paid during 2016 totaled $9,500.
Total assets at December 31, 2016 were $177,000.
Total liabilities at December 31, 2016 were $89,000.
Common stock at December 31, 2016 was $28,000.
Which of the following is correct?

• A)2016 net income was $41,700.
• B)Total stockholders' equity at December 31, 2016 was $236,000.
• C)Retained earnings at December 31, 2016 were $60,000.
• D)Retained earnings at December 31, 2016 were $41,700.

Identify the components and significance of the U.S. national debt, including the distribution of debt ownership.

Recognize the historical context and shifts in U.S. budgetary policy.

Understand the stages in the innovation process and the activities involved in each stage.

Differentiate between types of innovation (product, process, organizational, people, exploitative, exploratory).

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Definitions:

Lead Shielding

The use of lead as a barrier to protect against X-rays and other forms of radiation, commonly used in medical and nuclear applications.

Dosimeter

An instrument used to measure dose uptake of external ionizing radiation exposure for personal monitoring.

X-ray Films

Photographic or digital images produced by X-rays passing through objects or tissues, used in medicine to visualize internal structures.

Radiology Facility

A medical establishment equipped with diagnostic imaging equipment to perform radiological examinations like X-rays, CT scans, MRIs, and ultrasounds.