A natural key is a key that consists of one or more attributes that naturally belongs to the entity

Which one of the following statements is correct?

A. Preferred stock can be callable. B. Preferred stock generally has a stated liquidation value of $1,000 per share. C. Dividend payments to preferred shareholders are tax-deductible expenses for the issuing firm. D. Preferred dividends are generally variable in amount. E. Preferred shareholders receive preferential treatment over bondholders in a liquidation.

Based on the selected financial information for Coffeeberry Coffeehouse, calculate net income for 2012

A) $100 B) $900 C) $500 D) $300