A well-rehearsed approach should be avoided because it will sound too impersonal

A standard is attainable through efficient operations but allows for normal disruptions such as machine breakdowns and defective production

Indicate whether this statement is true or false.

Beck Company had the following accounts and balances at the end of the year. What is net income or net loss for the year?

Cash $74,000 Accounts Payable $12,000 Common Stock $21,000 Cost of Goods Sold $88,000 Dividends Declared and Paid $12,000 Operating Expenses $16,000 Accounts Receivable $0 Inventory $0 Long-term Notes Payable $33,000 Revenues $91,000 Salaries Payable $26,000 A) net income of $91,000 B) net income of $75,000 C) net loss of $13,000 D) net income of $3000