Which of the following is considered the most important internal stakeholder of a corporation?

Which of the following statements about compensation of outside board members is true?

A. They are compensated as full-time employees of the firm. B. They are provided perquisites and pensions. C. They are usually paid an annual retainer supplemented with company stock. D. They are paid a monthly salary.

Dennis Company's Allowance for Doubtful Accounts, showed a credit balance of $950 on January 1, 2004. During the year, the company wrote off $3,200 of uncollectible accounts, and reinstated $1,300 of previously written off accounts. The Dec 31, 2004 balance of Accounts Receivable is $97,500, and 6% of outstanding accounts receivable are assumed to be uncollectible. What will be the company's Bad Debts Expense for 2004?:

A) $4,900 B) $8,700 C) $5,850. D) $3,000 E) $6,800