An offer is terminated if the subject matter of the offer is destroyed

The process through which the union and management negotiate pay, benefits and other work terms is _____.

Fill in the blank(s) with the appropriate word(s).

Lerner, Inc had the following transactions in 2017, its first year of operations

• Issued 22,000 shares of common stock. The stock has a par value of $3.00 per share and was issued at $16.00 per share. • Issued 1,800 shares of $160 par value preferred stock at par. • Earned net income of $37,000. • Paid no dividends. At the end of 2017, what is total stockholders' equity? A) $677,000 B) $354,000 C) $286,000 D) $640,000