The Following Summary Balance Sheet Account Categories of Sun Company

question 26

Multiple Choice

The following summary balance sheet account categories of Sun Company increased during 2013 by the amounts shown: Assets .....................$178,000 Liabilities ...........................$54,000
Capital Stock ............$120,000 Additional Paid-in Capital ....$12,000
The only change to retained earnings during 2013 was for $26,000 of dividends.What was Sun Company's net income for 2011?

• A) $34,000
• B) $26,000
• C) $18,000
• D) $8,000

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Definitions:

Acceptance of Change

Relates to the willingness or ability of individuals or organizations to adapt to new conditions, innovations, or transformations.

Organizational Change

The process by which organizations transform their structure, strategies, operational methods, or culture to adapt to changes in the external or internal environment.

Negative Job Attitudes

Feelings of dissatisfaction, disengagement, or negativity toward one's job, which can undermine performance and lead to turnover.

Negative Well-being

A state characterized by poor quality of life and subjective feeling of unhappiness, dissatisfaction, or distress.