Elston Company Compiled the Following Financial Information as of December

question 141

Multiple Choice

Elston Company compiled the following financial information as of December 31, 2017: $$\begin{array} { l r } \text { Service revenue } & \$ 840,000 \\\text { Common stock } & 180,000 \\\text { Equipment } & 240,000 \\\text { Operating expenses } & 750,000 \\\text { Cash } & 210,000 \\\text { Dividends } & 60,000 \\\text { Supplies } & 30,000 \\\text { Accounts payable } & 120,000 \\\text { Accounts receivable } & 90,000 \\\text { Retained earnings, } 1 / 1 / 17 & 450,000\end{array}$$ Elston's retained earnings on December 31, 2017 are

• A)$450,000.
• B)$540,000.
• C)$480,000.
• D)$ 30,000.

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Definitions:

Negative Emotions

Feelings or responses that are generally distressing and unpleasant, such as sadness, anger, or fear, which can impact behavior and decision-making.

Bipolar II

A subtype of bipolar disorder characterized by patterns of depressive episodes and hypomanic episodes, but not the full-blown manic episodes of Bipolar I.

Major Depressive

A mental disorder characterized by at least two weeks of pervasive sadness or loss of interest in activities, accompanied by additional psychological symptoms.

Persistent Depressive

A chronic form of depression marked by a long-term, continuous presence of sad or empty mood, also known as dysthymia.