Wendell Company Provided the Following Pertaining to Its Recent Year

question 71

Multiple Choice

Wendell Company provided the following pertaining to its recent year of operation: • Common stock with a $10,000 par value was sold for $50,000 cash.
• Cash dividends totaling $20,000 were declared, of which $15,000 were paid.
• Net income was $70,000.
• A 5% stock dividend resulted in a common stock distribution, which had a $5,000 par value and a $23,000 market value.
• Treasury stock costing $9,000 was sold for $7,000.
How much did Wendell's retained earnings increase during the recent year of operation?

• A) $32,000.
• B) $25,000.
• C)$29,000.
• D)$27,000.

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Definitions:

Effect Size

A quantitative measure describing the strength of a relationship between two variables.

Standard Deviation

A statistical measure that quantifies the amount of variation or dispersion of a set of data values from the mean or average.

Dollar Value

The worth of something expressed in terms of the amount of money it can be exchanged for.

Kirkpatrick's Model

A method for assessing the effectiveness of training programs through four distinct levels: Reaction, Learning, Behavior, and Results, emphasizing the importance of evaluating multiple aspects of training.