Answer: B. ($11 million)
Explanation:
Out of the listed transactions there, these are the ones that can be taken out of Retained Earnings.
Loss on sale of equipment of $6 million
Preferred dividend of $2 million
Common dividend of $3 million
So calculating would be,
= - 6 - 2 - 3
= -$11 million
This means that Retained Earnings will reduce by -$11 million making option B correct.
The difference between a divine command view and authoritarian view is that the authority figure is different-Yes the statement holds true
Explanation:
<u>In a Divine Command of View</u>
we often come across statement like -"I would do what God or the scriptures say is right'
As per this point of view the right and wrong are determined by a supernatural supreme being, whose will we discern from sacred texts and divinely inspired messengers.
<u>Authoritarian View</u>
An example of Authoritarian view is sentence like " I would follow the advise of an authority"
According to this view the right and wrong is decided by the authorities.The power of taking decision rest in the hands of a particular authority.
Downside of this view is that : authorities do not always reflect wisdom and not all authorities agree.
As you can see that the difference between the two view point is the authority figure.So the answer is True
<span>The answer is 516,250 by first calculating expenses (6,500,000-40,000-expenses=590,000), net income = revenue-expenses.</span>
