There are several perspectives of competition. One perspective is zero-sum thinking. Zero-sum thinking means that: a. all parts of the organization gain at no loss.
b. in order for someone to gain others must experience no gain or benefit.
c. one can only gain at the expense of someone else.
d. everyone in the organization shares gains and losses equally.

Stosch company's balance sheet reported assets of $112,000, liabilities of $29,000 and common stock of $26,000 as of december 31, year 1. if retained earnings on the balance sheet as of december 31, year 2, amount to $74,000 and stosch paid a $28,000 dividend during year 2, then the amount of net income for year 2 was which of the following? a)$23,000 b) $35,000 c) $12,000 d)$42,000