If the Beginning and Ending Balances in Retained Earnings Are

question 40

Multiple Choice

If the beginning and ending balances in retained earnings are $15,000 and $10,000, respectively, and dividends during the year are $8,000, then net income for the year is:

• A)$10,000.
• B)$3,000.
• C)$18,000.
• D)$32,000.

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Definitions:

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Learning that occurs through observing the behavior of others, also known as social learning or modeling.

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The process of finding a way to make two different ideas, facts, or situations compatible or coherent with each other.

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Occurrences of pregnancy and childbirth that were not intended or planned before conception.