Effect of net income on a firm's balance sheet conrad air, inc., reported net income of $ 1,355,000 for the year ended december 31, 2020. show how conrad's balance sheet would change from 2019 to 2020 depending on how conrad "spent" those earnings as described in the scenarios that appear below.

a. conrad paid no dividends during the year and invested the funds in marketable securities.
b. conrad paid dividends totaling $ 497,000 and used the balance of the net income to retire (pay off) long-term debt.
c. conrad paid dividends totaling $ 497,000 and invested the balance of the net income in building a new hangar.
d. conrad paid out all $ 1,355,000 as dividends to its stockholders.

What is marketing’s contribution to the new product development team? a. technical expertise needed to translate designs into an actual product/service. b. deep customer insight that leads to product ideas. c. ability to assess financial viability d. feedback on design as well as how customers will actually use the product e. technical expertise needed to translate concepts into product/service designs.

In year 1, the bennetts' 25-year-old daughter, jane, is a full-time student at an out-of-state university but she plans to return home after the school year ends. in previous years, jane has never worked and her parents have always been able to claim her as a dependent. in year 1, a kind neighbor offers to pay for all of jane's educational and living expenses. which of the following statements is most accurate regarding whether jane's parents would be allowed to claim an exemption for jane in year 1 assuming the neighbor pays for all of jane's support? a.no, jane must include her neighbor's gift as income and thus fails the gross income test for a qualifying relative.b.yes, because she is a full-time student and does not provide more than half of her own support, jane is considered her parent's qualifying child.c.no, jane is too old to be considered a qualifying child and fails the support test of a qualifying relative.d.yes, because she is a student, her absence is considered as "temporary." consequently she meets the residence test and is a considered a qualifying child of the bennetts.

Adisadvantage of corporations is that shareholders have to pay on profits.