Answer:
A. 10,000
Explanation:
The dividends declared during the company's recent year can be viewed from the perspective of changes in retained earnings since the end of the year retained earnings are a function of the beginning of the year retained earnings, net income and dividends as captured in the formula below:
closing retained earnings=beginning retained earnings+net income-dividends
closing retained earnings=$91,000.
beginning retained earnings=$75,000
net income=$26,000
dividends=the unknown
$91,000=$75,000+$26,000-dividends
dividends=$75,000+$26,000-$91,000
dividends=$10,000
Answer:
c. is valid and enforceable
Explanation:
In business, this is called a Non-Compete Clause.
Non-Compete Clause can prevent a certain individual or organization to compete with another business , as long as both parties con sensually sign the agreement.
Typically, Non-Compete clause is required after all the parties involved have some sort of affiliation toward one another/
<u>for example:</u>
1. One party just bought the business from another party.
2. One party is an ex-members/ex-employees of another party. Making them know internal secrets of that other party.
<span> a decrease in investment risk.</span>
