________ income is the amount of money an individual has left to spend after paying for necessities such as housing, utilities, food, and clothing

Business demand ultimately derives from the demand for consumer goods

Indicate whether the statement is true or false

All of the following would result in an increase in stockholders equity EXCEPT

A) the company had positive net income greater than dividends paid. B) the company sold common stock above par value. C) the company sold common stock at par value. D) the company purchased treasury stock.