Ricardo is an accounting major. One of the big four accounting firms invited him to spend a week at its Baltimore, Maryland, location during the summer between his sophomore and junior years. Ricardo is completing a/n

On June 30, 2017, Texas, Inc showed the following data on the equity section of their balance sheet

Stockholders' Equity Common Stock, $1 par; 195,000 shares authorized, 149,000 shares issued and outstanding $149,000 Paid-In Capital in Excess of Par-Common $260,000 Retained Earnings 949,000 Total Stockholder's Equity $1,358,000 On July 1, 2017, the company declared and distributed a 11% stock dividend. The market value of the stock at that time was $20 per share. As a result of this stock dividend, what is the balance of Retained Earnings? A) $770,580 B) $951,000 C) $981,780 D) $621,200

________ is an aggressive maneuver where the firm attacks first, perhaps with guerrilla action across the market and keeping everyone off balance

A) Position defense B) Flank defense C) Contraction defense D) Preemptive defense E) Lateral defense