A Corporation Reported a Net Income of $120,000 for Its

question 75

Multiple Choice

A corporation reported a net income of $120,000 for its fiscal year and declared and paid cash dividends of $50,000.A stock dividend recorded at $80,000 was also distributed during the year.If the beginning balance of the Retained Earnings account was $200,000,the ending balance is

• A) $170,000.
• B) $190,000.
• C) $200,000.
• D) $270,000.

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Definitions:

Human Resources Management

entails the strategic approach to the effective and efficient management of people in an organization to help their businesses gain a competitive advantage.

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A positive psychological state characterized by self-efficacy, optimism, hope, and resilience, influencing an individual's performance and well-being.

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