The flagship university in your state recently completed a new state-of-the-art student center, complete with bowling alleys, fast-food outlets, group study space, and the latest green technology. shortly after it was finished, almost every other university in your state began clamoring for a new student center, too. how would the theory of institutional isomorphism explain this?
a. universities operate in the same environment and therefore end up looking alike.
b. as tuition rises, parents are increasingly vocal stakeholders.
c. their student centers were probably also out of date.
d. universities see an indirect payoff in such an investment.

Powell company began the 2018 accounting period with $40,000 cash, $86,000 inventory, $60,000 common stock, and $66,000 retained earnings. during 2018, powell experienced the following events: sold merchandise costing $58,000 for $99,500 on account to prentise furniture store. delivered the goods to prentise under terms fob destination. freight costs were $900 cash. received returned goods from prentise. the goods cost powell $4,000 and were sold to prentise for $5,900. granted prentise a $3,000 allowance for damaged goods that prentise agreed to keep. collected partial payment of $81,000 cash from accounts receivable. required record the events in a statements model shown below. prepare an income statement, a balance sheet, and a statement of cash flows. why would prentise agree to keep the damaged goods?