E1-7 preparing an income statement [lo 1-2]home realty, incorporated, has been operating for three years and is owned by three investors. j. doe owns 60 percent of the total outstanding stock of 9,000 shares and is the managing executive in charge. on december 31, the following financial items for the entire year were determined: sales revenue, $221,000; salaries and wages expense, $108,000; interest expense, $7,400; advertising expenses, $9,575; and income tax expense, $19,600. also during the year, the company declared and paid the owners dividends amounting to $14,000.prepare the company’s income statement.

The new york stock exchange is an example of physical or individual

Leon and sara are arguing over when the best time is to degrease soup. leon says that it's easiest to degrease soup when it's boiling. sara says it's easiest to degrease soup when it's cold. who is correct? a. neither leon nor sara is correct. b. leon is correct. c. both leon and sara are correct. d. sara is correct. student b   incorrect which following answer correct?

The interaction of individual choices because a type of fish is on the verge of extinction, the government imposes rules that prohibit fishing in the publicly owned spawning grounds. at first owners of fshing bouts complain about this restriction on where they can fish, but soon they notice that the number of adult fish swimming outside the protected area is much higher than it was before. with the restriction, each fishing boat ends up catching more fish than it did before the r which of the following principles of economic interaction best describes this scenario? o there is a tradeoff between equality and efficiency o markets usually lead to efficiency. o when markets do not achieve efficiency,government intervention can improve overall welfare o markets allocate goodseffectively