Christopher Porter is the sole owner and operator of Quatty Company. As of the end of its accounting period, December 31,2013, Quatty Company assets of $925,000 and Liabilities of $285,000. During 2014, Christopher Porter invested an additional $50,000 and paid dividend of $30,000 from the business. What is the amount of NET INCOME during 2014, assuming that as of December 31,2014 assets were $980,000, and liabilities were $225,000

Which of the following actions would be most likely to reduce potential conflicts of interest between stockholders and managers? a. change the corporation's formal documents to make it easier for outside investors to acquire a controlling interest in the firm through a hostile takeover. b. eliminate a requirement that members of the board of directors must hold a high percentage of their personal wealth in the firm's stock. c. for a firm that compensates managers with stock options, reduce the time before options are vested, i. e., the time before options can be exercised and the shares that are received can be sold. d. pay managers large cash salaries and give them no stock options. e. beef up the restrictive covenants in the firm's debt agreements.