Melisch, Inc. The Following Information Is Available Pertaining to the Stockholders' Equity

question 44

Multiple Choice

Melisch, Inc.
The following information is available pertaining to the stockholders' equity accounts for Melisch, Inc.

- Refer to the information presented above for Melisch, Inc. What is the amount of Melisch's retained earnings?

• A) $98,000
• B) $114,000
• C) $130,000
• D) $860,000

---

Definitions:

Healthcare Insurance

A form of insurance coverage that pays for medical and surgical expenses incurred by the insured.

Premium

The basic annual cost of healthcare insurance.

Annual Cost

The total amount spent on a particular item, service, or operation over the course of a year.

Insurance Claims

Requests made to an insurance company for payment based on the terms of an insurance policy.