The basic premise of the early trait approach to leadership was that a. leadership traits depended on the situation. b. unique leadership traits could be identified, and used to select leaders. c. traits could be used to predict appropriate management styles. d. traits were far less important than activities. e. traits were relatively volatile characteristics of individuals.

On january 1 of the current year, jimmy's sandwich company reported owner's capital totaling $128,000. during the current year, total revenues were $106,000 while total expenses were $95,500. also, during the current year jimmy withdrew $30,000 from the company. no other changes in equity occurred during the year. if, on december 31 of the current year, total assets are $206,000, the change in owner's capital during the year was: