Pearl Company’s income statement for the year ended December 31, 2020, contained the following condensed information. Service revenue $842,000 Operating expenses (excluding depreciation) $626,000 Depreciation expense 61,000 Loss on sale of equipment 27,000 714,000 Income before income taxes 128,000 Income tax expense 40,000 Net income $88,000 Pearl’s balance sheet contained the following comparative data at December 31. 2020 2019 Accounts receivable $37,000 $56,000 Accounts payable 39,000 33,000 Income taxes payable 4,100 8,400 (Accounts payable pertains to operating expenses.) Prepare the operating activities section of the statement of cash flows using the direct metho

The interaction of individual choices because a type of fish is on the verge of extinction, the government imposes rules that prohibit fishing in the publicly owned spawning grounds. at first owners of fshing bouts complain about this restriction on where they can fish, but soon they notice that the number of adult fish swimming outside the protected area is much higher than it was before. with the restriction, each fishing boat ends up catching more fish than it did before the r which of the following principles of economic interaction best describes this scenario? o there is a tradeoff between equality and efficiency o markets usually lead to efficiency. o when markets do not achieve efficiency, government intervention can improve overall welfare o markets allocate goodseffectively