Larry wants to be politically correct, so when introducing Janis Stewart, the vice president of marketing in his company to friends at a party, he says, "I would like you to meet Janis Stewart,

What is meant by director interlock?

What will be an ideal response?

Refer to the following trial balance

Debit Credit Cash $16,000 Accounts Receivable 42,000 Merchandise Inventory 62,000 Supplies 15,000 Land 330,000 Accounts Payable $2,000 Notes Payable 25,000 Common Stock 296,000 Retained Earnings 24,000 Dividends 6,000 Sales Revenue 480,000 Sales Returns and Allowances 9,000 Sales Discounts 8,000 Cost of Goods Sold 200,000 Salaries Expense 17,000 Utilities Expense 65,000 Rent Expense 53,000 Interest Expense 4,000 ________ Totals $827,000 $827,000 How much is the net sales revenue? A) $463,000 B) $479,000 C) $145,000 D) $141,000