The more competitors an industry has, the lower will be the differentiation among those competitors, and low differentiation increases competitive rivalry

Capitalized costs incurred to develop internal use computer software should be amortized using the:

a. percent-of-revenue approach. b. percent-of-completion approach. c. straight-line approach. d. accelerated amortization approach

An adjusted trial balance is given below

Debit Credit Cash $15,000 Accounts Receivable 3,000 Prepaid Rent 800 Merchandise Inventory 27,000 Accounts Payable $4,200 Salaries Payable 1,500 Notes Payable 800 Common Stock 9,000 Retained Earnings 3,800 Dividends 2,000 Sales Revenue 95,500 Sales Returns and Allowances 1,400 Sales Discounts 700 Cost of Goods Sold 20,000 Salaries Expense 21,000 Rent Expense 15,000 Selling Expense 8,100 Supplies Expense 800 Total $114,800 $114,800 What will be the final balance in the corporation's Retained Earnings account after recording the closing entries? A) $30,300 B) $32,300 C) $17,500 D) $1,800