Which of the following is an example of the barter system?

a.investing money in the stock market
b.taking a friend to lunch in return for a favor
c.paying $120 for a pair of diamond studded shoes
d.exchanging a twenty dollar bill for two ten dollar bills

B. Taking a friend to lunch in return of a favor

Explanation:

Barter System is  direct commodity/ service to commodity/service exchange  , without using money as an intermediary exchange medium . It is also called C to C exchange .

Eg : Two farmers exchanging their wheat & rice , A teacher teaching grocers' child in exchange of groceries from him .

So : A. Simple Investment , C. Money Purchase , D. Money Denomination exchange - neither are examples of Barter System .

B . Paying off a friend's favour in exchange of a service (being service-service exchange) is a relatable  example.

(a) $447,300

(b) $37,300

(c) -$17,700

(d) $20,300

Explanation:

Total net revenue:

= sales revenue - Sales discounts - Sales returns and allowances + Rent revenue + Dividend revenue

= 390,000 - $7,800 - 12,400 + $6,500 + 71,000

= $447,300

Net income:

= Total net revenue -  Cost of goods sold - Administrative expenses - Selling expenses - Interest expense - Income tax expense

= $447,300 - $184,400 - $82,500 - $99,400 - $12,700 - $31,000

= $37,300

Ending retained earnings = Beginning retained earnings + Net income - Dividend

134,000 = 114,400 + $37,300 - Dividend

Dividend = -$17,700

Income attributable to controlling stockholders:

= Net income - Allocation to non-controlling interest

= $37,300 - $17,000

= $20,300