Patents for inventions are valid for 10 years

When compared with single sourcing, multiple sourcing has the advantage of:

A) spreading risk. B) volume leveraging. C) lower transportation costs. D) reduced quality variability.

Anole Company was incorporated as a new business on January 1, 2015 . The company is authorized to issue 20,000 shares of $5 par value common stock and 10,000 shares of 6%, $10 par value, cumulative, participating preferred stock. On January 1, 2015, the company issued 8,000 shares of common stock for $15 per share and 2,000 shares of preferred stock for $30 per share. Net income for the year

ended December 31, 2015, was $375,000. Refer to the information about Anole Company. Anole's total stockholders' equity reported on the balance sheet at December 31, 2015, is a. $ 60,000 . b. $120,000 . c. $180,000 . d. $555,000.