Acorporation was incorporated on january 1, year 6, with $500,000 from the issuance of stock and borrowed funds of $75,000. during the first year of operations, net income was $25,000. on december 15, the corporation paid a $2,000 cash dividend. no additional activities affected equity in year 6. at december 31, year 6, the corporation’s liabilities had increased to $94,000. in the corporation’s december 31, year 6 balance sheet, total assets should be reported at
a. $598,000
b. $600,000
c. $692,000
d. $617,000

The cook corporation has two divisions--east and west. the divisions have the following revenues and expenses: east west sales $ 603,000 $ 506,000 variable costs 231,000 300,000 traceable fixed costs 151,500 192,000 allocated common corporate costs 128,600 156,000 net operating income (loss) $ 91,900 $ (142,000 ) the management of cook is considering the elimination of the west division. if the west division were eliminated, its traceable fixed costs could be avoided. total common corporate costs would be unaffected by this decision. given these data, the elimination of the west division would result in an overall company net operating income (loss)